In your business, assets, and liabilities have historically varied with sales. Assets are usually 80percent of sales,

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In your business, assets, and liabilities have historically varied with sales. Assets are usually 80percent of sales, and liabilities are usually 53percent of sales.Your sales next year will be $215,000 which representsan increase of $44,000. Your profit margin is 9.47 percent.You anticipate that you will have an 44owner payout of net profit. Using the percentage of sales method, determine theamountof additional financing or surplus for your business next year.

Posted Date: May 10, 2024 04:18 AM

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In your business, assets, and liabilities have historically varied with sales. Assets are usually 80percent of sales,

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