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SLM, Inc., with sales of $1,200, has the following balance sheet: It earns 10 percent on sales (after taxes) and pays no dividends. Round your

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SLM, Inc., with sales of $1,200, has the following balance sheet: It earns 10 percent on sales (after taxes) and pays no dividends. Round your answers to the nearest dollar. a. Determine the balance sheet entries for sales of $1,900 using the percent of sales method of forecasting. Accounts receivable: $ Inventory: $ Trade accounts payable: $ b. Will the firm need external financing to grow to sales of $1,900 ? If Yes, calculate the amount of external funding required, if No, enter zero. , the amount of the external funds needed is $ c. Construct the new balance sheet and use newly issued long-term debt to cover a financial deficiency, if any

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