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PLS ANSWER ASAP! Will upvote! Thank you! Symbolic Logic Corporation (SLC) is a technological leader in the application of surfac AnimoSpace Support manufacture of printed
PLS ANSWER ASAP! Will upvote! Thank you!
Symbolic Logic Corporation (SLC) is a technological leader in the application of surfac AnimoSpace Support manufacture of printed circuit boards used in the personal computer industry. The firm has recently patented an advanced version of its original path-breaking technology and expects sales to grow from their present level of USD SM to USD 8M by the end of the coming year. The firm is at present operating at full capacity, it expects to increase its investment in current assets in proportion to the predicted increase in sales while a USD 1M has to be added to its fixed asset holding. The firm's net profit were 7% of current year's sales but are expected to rise to 8% of next year's sales. To help support its anticipated growth in asset needs next year, the firm decided to slash cash dividends by half. In years past a USD 1.25 per share dividend has been paid annually. Tax rate stands at 20%Step by Step Solution
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