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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 $ 9 . 5

Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were $9.5 million. The firm also has a profit margin of 25 percent and a retention ratio of 30 percent, and expects sales of $7.5 million next year.

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