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The following information is available for BKL Corporation. Asset to sales ratio is 0.80, Current sales is Rs 40 million, Spontaneous current liabilities to sales

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The following information is available for BKL Corporation. Asset to sales ratio is 0.80, Current sales is Rs 40 million, Spontaneous current liabilities to sales ratio is 0.30. Projected sales next year is Rs 60 million, Net profit margin is 5%, dividend payout ratio is 40%. What is external funds requirement for the forthcoming year

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