The external funds needed (EFN) equation projects the addition to retained earnings as:
A) Net Profit Margin * Sales.
B) Net Profit Margin * Sales * (1 - d) .
C) Net Profit Margin * Projected sales*(1 - d) .
D) Projected sales * (1 - d) .
E) Net Profit Margin * Projected sales.
Correct Answer:
Verified
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