Mirabelle Company has total assets of $3,267,450, sales of $5,174,652, and net income of $1,789,774. The companys

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Mirabelle Company has total assets of $3,267,450, sales of $5,174,652, and net income of $1,789,774. The company’s management expects sales to grow by 20 percent next year. All assets and costs (including taxes) vary directly with sales, and management expects to maintain a payout ratio of 75 percent. Calculate the external financing needed (EFN).


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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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