1. Villa Pizza had sales last year of $850,000. It expects sales to increase 10% this next year. The firm is operating at full capacity. If Asset/Sales = 55%, Liabilities/Sales = 20%, Profit Margin = 12% and the POR = 50%, what would be the Additional Funds Needed?
-$26,350
$58,650
$246,500
$24,650
2. Which of the following methods of issuing securities does the investment banker assume the risk of sale to the public?
Private placement
Underwriting
Best efforts
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