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btate2
May 26, 2016, 07:01 PM
sales expected to increase from $1,690,000 to $1,890,000 next year. Net assets (assets-liabilities) will represent 65 percent of sales. His firm has an 11 % return on sales and pays 35 % of profits out as dividends. Input all amounts as positive values. What effect will this growth have on funds? The cash balance will be reduced by ( ). If the dividend is only 15% what effect will this growth have on funds?

smoothy
May 26, 2016, 08:37 PM
This is your homework. What do you think the answer is and how did you go about finding it. After all the site rules REQUIRE that.