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Urban's, which is currently operating at full capacity, has sales of $47,000, current assets of $5,100, current liabilities of $6.200, net fixed assets of $51,500,
Urban's, which is currently operating at full capacity, has sales of $47,000, current assets of $5,100, current liabilities of $6.200, net fixed assets of $51,500, and a profit margin of 5 percent The firm has no long-term debt and does not plan on acquiring any. The firm does not pay any dividends. Sales are expected to Increase by 3 percent next year. If all assets, short-term liablities, and costs vary directly with sales, how much additional equity financing is required for next year? Multiple Cholce $908.50 -$722.50 $967.30 $1.698.00 $1512.00
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