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QuartSite Ltd. had sales of R10m last year and expects sales of R15m this year. All assets and liabilities move spontaneously in proportion to its

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QuartSite Ltd. had sales of R10m last year and expects sales of R15m this year. All assets and liabilities move spontaneously in proportion to its sales. The company had assets of R50m, liabilities of R30m and a net profit margin of 30%. The company does not pay dividends at this time. Using the percentage of sales method, determine the funding requirements for Quarsite Ltd. for the coming year. A. R1.5m B. R2.5m C. R5.5m D. R7.5m

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