For a company, a 2 0 % increase in Sales leads to a 2 0 % increase

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Question:

For a company, a

20 %

increase in Sales leads to a

20 %

increase in its Assets,which were $

100, 000

last year. The company expects to make a Net Income of$

21, 000

in the next year. If the Equity was previously $

70, 000,

how much Debtdid the company retire?

Posted Date: May 07, 2024 02:22 AM

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For a company, a 2 0 % increase in Sales leads to a 2 0 % increase

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Okay lets break this down stepbystep Last years assets were 100000 A 20 increase in sales leads to a ... View the full answer

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