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Splash Bottling's December 3 1 st balance sheet ( 2 0 2 3 ) is given below ( in millions of dollars ) : Sales
Splash Bottling's December st balance sheet is given below in millions of dollars:
Sales during the last year were $ million, and they are expected to rise by percent to $ million during
next year Also, during last year net fixed assets were being utilized to only percent of capacity, so Splash
could have supported $ million of sales with net fixed assets that were only percent of last year's actual net fixed
assets. Assume that Splash's profit margin will remain constant at percent and that the company will continue to pay out
percent of its earnings as dividends. What amount of nonspontaneous, additional funds AFN will be needed
during the next year?
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