ECG Monitors is forecasting that sales next year will be $8,640,000, a 20 percent increase over current
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ECG Monitors is forecasting that sales next year will be $8,640,000, a 20 percent increase over current sales. ECG has total assets of $3,840,000 and all assets will increase proportionately with sales. Of the current liabilities, only accounts payable (now $740,000) will increase with sales.
1. What total financing will be needed by ECG to support the expected sales increase?
2. Calculate the Herfindahl index for a duopoly market where each firm has equal market share.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
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