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Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended wore $10.2 million. The frm

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Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended wore $10.2 million. The frm aiso has a profit margin of 30 percent, a retention ratio of 20 percent and expects sales of $8.2 milion next year Assets Liabilities and Equity Current assets $ 2,124,000 Current liabilities Fixed assets 4,200,000 Long-term debt 1,707 480 1,600,000 Equity 3,016,520 Total assets 6,324,000 Total liablites and equity $ 6,324,000 f all assets and current liabilities are expected to shrink with sales, what amount of dditional funds will Gyp Sum need from external sources to fund the expected growth? Enter your answer in dollars not in millions. Negative amount should be indicaled by a ninus sign.)

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