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What are projected assets for next year (in $ million)? What are projected current liabilities (in $ million)? What is the projected equity fornextyear (in
- What are projected assets for next year (in $ million)?
- What are projected current liabilities (in $ million)?
- What is the projected equity fornextyear (in $ million)?
- What is the external funding required (EFR) for nextyear (in $ million)?
Mickey Inc. is about to open a new amusement park and expects sales to grow by 50% next year. The income statement and balance sheet for the previous year are given below (in $ million): Interest expenses and the tax rate and payout ratio will stay the same. Accounts payable and accrued wages are expected to increase at the same rate as sales. Assets would grow at the same rate if the company operated at full capacity, but capacity utilization was only 90% last year
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