Bouck Co. is a small firm with excellent growth opportunities. Bouck's sales last year were $2M (M = million). They are expected to grow 25% in the coming year. Short-term liabilities (accounts payable and other accruals) will increase by 10% of the sales increase. How much spontaneous financing will come from short-term liabilities that increase with sales?

Answer rating: 100% (QA)

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