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Business, 05.05.2020 19:39 Mamiwork2

Lancer Lanterns expects sales next year to be $350,000. Inventory and accounts receivable (combined) will increase $50,000 to accommodate this sales level. The company has a profit margin of 10 percent and a 30 percent dividend payout. How much external financing will the firm have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing

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