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Queston Answer CCC currently has sales of $ 2 4 , 0 0 0 , 0 0 0 and projects sales of $ 3 0

Queston Answer CCC currently has sales of $24,000,000 and projects sales of $30,000,000 for next year. The firm's current assets equal $7,000,000 while its fixed assets are $9,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $300,000. The firm presently has $ 2,800,000 in accounts payable, $1,700,000 in long -term debt, and $ 11,500,000 in common equity . All current liabilities are expected to change directly with sales. CCC plans to pay $ 800,000 in dividends next year and has a 5.0% net profit margin. What are the company's additional funds needed for the next year? ( Round your answer to the nearest dollar .) Solved 19,2024 company's 1 answer Brainly Casey Jun 13.2023

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