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Using the following information, calculate each of the values below. Use whole dollars, with commas, no dollar signs. (e.g. 400,000) Your firm recorded sales

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Using the following information, calculate each of the values below. Use whole dollars, with commas, no dollar signs. (e.g. 400,000) Your firm recorded sales for the most recent year of $4.5 million generated from an asset base of $2 million, producing a $400,000 net income. Sales are projected to grow at 25%, causing spontaneous liabilities to increase by $150,000. In the most recent year, $100,000 was paid out as dividends, and the current payout ratio will continue in the upcoming years. What is the Projected Increase in Sales in dollars? I What is your firm's Required Increase in Assets? What are the Spontaneously Generated Funds? What is next year's Total Sales in dollars? What is the Retention Rate as a whole percentage? What is the Increase in Retained Earnings? What is your firm's AFN?

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