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The following is the balance sheet for 2003 for Marbell Inc. Sales for 2002 were $300,000. Sales for 2003 have been projected to increase by

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The following is the balance sheet for 2003 for Marbell Inc. Sales for 2002 were $300,000. Sales for 2003 have been projected to increase by 20%. Assuming that Marbell Inc. is operating below capacity, calculate the amount of new funds required to finance this growth. Marbell has an 8% return on sales and 70% is paid out as dividends. Use the following to Calculate: a. Degree of operating Leverage b. Degree of Financial Leverage c. Degree of Combined Leverage

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