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You are given the following income statement and balance sheet: Now make the following forecast and assumptions for the upcoming year: - Sales are expected

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You are given the following income statement and balance sheet: Now make the following forecast and assumptions for the upcoming year: - Sales are expected to increase by $5,300 over the coming year. - All assets and accounts payable can be expressed as a percentage of sales. - The firm's profit margin will remain at 3.2 percent. - The firm has a dividend payout rate of 75 percent. Using the equation method, determine the additional funds needed for the coming $2,449 $2,357 $2,494 $2,311 $2,403

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