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The Manning Company has financial statements as shown on page 118, which are representative of the company's historical average. The firm is expectiong a 20%

The Manning Company has financial statements as shown on page 118, which are representative of the company's historical average. The firm is expectiong a 20% increase in sales next year, and management is concern about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the existing store. Among liabilities, only current liabilities vary directly with sales

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