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Please help and please show your work The most recent financial statements for Fleury Inc., follow. Sales for 2015 are projected to grow by 25
Please help and please show your work
The most recent financial statements for Fleury Inc., follow. Sales for 2015 are projected to grow by 25 percent. Interest expense will remain constant the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales. What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)Step by Step Solution
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