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Suppose a company is able to increase the profit margin next year. How would this fact change the calculation of External Funds Required (EFN) as

Suppose a company is able to increase the profit margin next year. How would this fact change the calculation of External Funds Required (EFN) as compared to the naive percentage of sales approach in which everything on the income Statement grows the same as Sales? a The EFN would remain the same. b The EFN would decrease c The EFN would increase d The EFN might either increase or decrease

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