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Long Problem: 1. The optimal scam company would like to see its sales grow at 20% for the foreseeable future. Its financial statements for the
Long Problem: 1. The optimal scam company would like to see its sales grow at 20% for the foreseeable future. Its financial statements for the current year are presented below. Income Statement (S millions) Sales 32.00 Costs 28.97 Gross profit 3.03 Taxes 1.03 Net income 2.00 Dividends 1.40 Retained earnings 0.60 Balance Sheet (S millions) Current assets Fixed assets Total assets Accounts payable Notes payable Long-term debt Total debt Common stock 14
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