The following is the balance sheet for 20X5 for Marbell Inc.
Sales for 20X5 were $300,000. Sales for 20X6 have been projected to increase by 20%. Assuming that Marbell Inc. is operating below capacity, calculate the amount of new funds required to finance this growth. Marbell has an 8% return on sales and 70% is paid out as dividends.
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Sales = 20% (300,...
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