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The most recent financial statements for Fleury Inc., follow. Sales for 2012 are projected

The most recent financial statements for Fleury Inc., follow. Sales for 2012 are projected

The most recent financial statements for Fleury Inc., follow. Sales for 2012 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales.

If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 30 percent growth rate in sales? (Do not round intermediate calculations.)

EFN =________

The most recent financial statements for Fleury Inc., follow. Sales for 2012 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales.

Abhinav 02-Dec-2019

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