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solve this Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were $101 million.
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Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were $101 million. The firm also has a profit margin of 20 percent and a retention ratio of 25 percent, and expects sales of $8.1 million next year If all assets and current habilities are expected to shrink with sales, what amount of additional funds will Gyp Sum need from external sources to fund the expected growth? Note: Enter your onswer in dollors not in millions. Negotive amount should be indicated by a minus sign Step by Step Solution
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