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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
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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