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Philip Morrisexpects the sales for his clothing company to be $550,000 next year Philip notes the net assets (A58e18 Lisboties) will remain unchanged His clothing

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Philip Morrisexpects the sales for his clothing company to be $550,000 next year Philip notes the net assets (A58e18 Lisboties) will remain unchanged His clothing firm will enjo a 12 return on total sales He will start the year with $150,000 in the bank What will Philips ending cash balance be

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