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l4-3. (Financial forecasting) Sambonoza Enterprises projects its sales next year to be $4 million and expects to earn 5 percent of that amount after taxes.
l4-3. (Financial forecasting) Sambonoza Enterprises projects its sales next year to be $4 million and expects to earn 5 percent of that amount after taxes. The firm is currently in the process of project- ing its financing needs and has made the following assumptions (projections: 1. Current assets will equal 20 percent of sales, and fixed assets will remain at their current level of $1 million
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