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    btate2's Avatar
    btate2 Posts: 2, Reputation: 1
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    #1

    May 26, 2016, 07:01 PM
    Change in cash
    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's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #2

    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.
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