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The Manning Company has financial statements as shown next, which are representative of the company's historical average The firm is expecting a 30 percent increase

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The Manning Company has financial statements as shown next, which are representative of the company's historical average The firm is expecting a 30 percent increase in of feed assets, but rather through more cont next year, and management is concerned about the company's need for mands. The increase in a tion in the sting store. Among only current es vary directly with sales eis expected to be carried out without any expansion 20000 154 800 65200 Expenses Earnings before interest and taxes Interest Earrings before we O 50.000 East Dividendo Cash Current ce Sheet Liabilities and Stockholders' 4000 Accountable 3000 500A 5600 Our 06000 Nepal Longo Common Retained earrings $221.000 and stockholders uity Using the percent of salesmethodetermine whether the company has external financing round intermediate calculations) or a surplus of funds. (Hint: A profit margin and payout ratio must be found from the income statement) (Do not The firm that in surplus funds

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