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Laidback Ltd. has a profit margin of 12% and a dividend payout of 35%. Last years sales were $1,260.00 million and total assets were $1,000.00
Laidback Ltd. has a profit margin of 12% and a dividend payout of 35%. Last years sales were $1,260.00 million and total assets were $1,000.00 million. None of the liabilities vary directly with sales, but assets and costs do. If the sales growth rate for Laidback Ltd. is 17%, how much external financing is needed? a) $77.1 million b) $55.0 million c) $47.4 million d) $18.8 million e) $94.1 million
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