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Suppose that Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $7.1 million. The firm also
Suppose that Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $7.1 million. The firm also has a profit margin of 20 percent, a retention ratio of 25 percent, and expects sales of $9.1 million next year. Fixed assets are currently fully utilized, and the nature of Wall-Es fixed assets is such that they must be added in $1 million increments
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