In Problem 1 if there had been no increase in sales and all other facts were the

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In Problem 1 if there had been no increase in sales and all other facts were the same, what would Philip's ending cash balance be? What lesson do the examples in Problems 1 and 2 illustrate?

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Foundations of Financial Management

ISBN: 978-0077454432

14th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Jul 13, 2016 03:37 AM

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In Problem 1 if there had been no increase in sales and all other facts were the

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Foundations of Financial Management

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