Question
I In your business, assets, and liabilities have historically varied with sales. Assets are usually 84percent of sales, and liabilities are usually 46percent of sales.Your
I In your business, assets, and liabilities have historically varied with sales. Assets are usually 84percent of sales, and liabilities are usually 46percent of sales.Your sales next year will be $213,000 which representsan increase of $44,000. Your profit margin is 11.53 percent.You anticipate that you will have an 36owner payout of net profit. Using the percentage of sales method, determine theamountof additional financing or surplus for your business next year.(answer to two decimal places,negative numbers start with -)
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