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thats not the ans that i want i want round to 2 decimal and the percantage increase in sales that why i cant cause im

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thats not the ans that i want
i want round to 2 decimal and the percantage increase in sales
image text in transcribed
that why
i cant cause im not allowed to do that without giving me a need info only
A company's sales in 2020 were $5.4 million and its total spontaneous assets were $55 million. Also in the same year, the firm's spontaneous liabilities consisted of $5.5 million in wages payable, $6.8 million in accounts payable, and $1.9 million in accrued expenses. The firm's profit margin is 3% and its dividend payout ratio is 3.5%. The balance sheet at year-end is similar in percentage of sales to that of previous years and this will continue in the future. Required: What is the percentage increase in sales that the company must achieve in order to avoid raising funds externally? Note: The term "k" is used to represent thousands (* $1,000). % (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23) hrs. Hell, Spontaneous liabilities is= 5.5 million't Ge million + L-o million = 14.2 million do. Per contage increase in sales is, 5400000 x 3-4X3.5.6 5500000 14200000 - (5400000 X 39 X 3.51.) 5670 8705670 =-0.000651293 Or-0.0651299./. the feel free to ask if you have any doubts and pls give us a thumbs up Cancel Comments Nobody commented on this

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