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Suppose that assets and costs maintain a constant ratio to

Question - Given the following information: current assets = $425; fixed assets = $400; long-term debt = $455; equity = $300; sales = $470; costs = $400; tax rate = 34%. Suppose that assets and costs maintain a constant ratio to sales. What is the total external financing needed if sales increase 25%? Assume the firm pays no dividends.

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Accounting Basics: Suppose that assets and costs maintain a constant ratio to

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