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LinkedOut Corporation had $15 million of sales this year, which are expected to grow by 4% next year. The projected profit margin is 10% and

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LinkedOut Corporation had $15 million of sales this year, which are expected to grow by 4% next year. The projected profit margin is 10% and its retention ratio is 40%. The balance sheet at the end of this year is as follows (in $ million): Assume that LinkedOut operates at full capacity. Part 1 Attempt 1/3 for 10 pts. What is the expected change in sales for next year (in $ million)? Part 2 Attempt 1/3 for 10 pts. What is the projected increase in assets for next year (in $ million)? Part 3 Attempt 1/3 for 10 pts. What is the projected increase in liabilities for next year (in $ million)? Part 4 Attempt 1/3 for 10 pts. What is the projected increase in retained earnings for next year (in $ million)

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