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The 1999 Balance Sheet for ABC Corporation is shown below: The firm is currently operating at 100% capacity with sales of $100,000. Management believe that
The 1999 Balance Sheet for ABC Corporation is shown below: The firm is currently operating at 100% capacity with sales of $100,000. Management believe that next year sales will increase by 10% and it is anticipating that the firm's profit margin will remain at 20%. The dividend payout for next year will be 45%, In the year 2,000 what will the firm's additional funds needed be? (In answering this question you must prepare a pro forma balance sheet.)
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