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Question 2 (7 Marks) Feesh Canneries Ltd wants to estimate the amount of funds they will require to fund their operations in 2023. The company

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Question 2 (7 Marks) Feesh Canneries Ltd wants to estimate the amount of funds they will require to fund their operations in 2023. The company has total assets of R100m, liabilities of R10m, a net profit margin of 5% on sales of R500m with a dividend pay-out ratio of 60%. All assets and liabilities are considered spontaneous and increase in line with increases in sales. It is expected that sales will grow by 30% in the coming year. Required: Estimate the amount of funds the firm will require in 2023

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