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please answer in detail this question their is a part a and b : others have answered and it does not make sense 4. a.
please answer in detail this question their is a part a and b : others have answered and it does not make sense
4. a. (15) Crum Co's balance sheet and income statement for 2007 are given below. The firm expects sales to grow by 50% in 2008 . All assets, operating costs, and spontaneous liabilities will increase in proportion to sales. The company plans to finance any additional funds needed using debt at an interest rate of 10%. What is the company's projected funds needed for 2008 ? Assume interest expenses are 10% of nce. ($357.80) b. (15) Construct the Year 2008 Statement of Cash Flows for Crum. (CFO=$108,CFI=$350,CFF=$257)Step by Step Solution
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