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Pendleton's management estimates that under the most optimistic circumstances it might experience a 25% rate of growth of sales in 2017. Assuming that net
Pendleton's management estimates that under the most optimistic circumstances it might experience a 25% rate of growth of sales in 2017. Assuming that net income is 5% of firm sales and that the DRP is 30%, what do you estimate the firm's DFN to be under these optimistic circumstances?
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DFN Deficit Financing Need refers to the amount of external financing required by a company to fund ...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
