The most recent financial statements for Moose Tours Inc appear
The most recent financial statements for Moose Tours Inc. appear below. Sales for 2016 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout ratio will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase proportionally with sales. If the firm is operating at full capacity and no new debt or equity is issued, what external funds are needed to support the 20 percent growth rate in sales?
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