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Suppose that Wind Em Corporation currently has the balance sheet shown as follows, and that sales for the year just ended were $1 milion. The

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Suppose that Wind Em Corporation currently has the balance sheet shown as follows, and that sales for the year just ended were $1 milion. The firm also has a profit margin of 10 percent, a retention ratio of 20 percent, and expects sales of $2 million next. year. If all assets and current liabilities are expected to grow with sales, what is the necessary increase in assets? Multiple Choice 5100,000

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