Question: Using the following data, determine the amount of additional financing needed for the next fiscal year: Sales (net before taxes) $3,750 Accounts Payable $3,600 Cash

Using the following data, determine the amount of additional financing needed for the next fiscal year: Sales (net before taxes) $3,750 Accounts Payable $3,600 Cash $424 Notes Payable $13,250 Accounts Receivable $1251 Long-Term Debt $4,500 Inventory $4,218 Shareholder Equity $2,425 Fixed Assets $17,300 Dividends (annual) $320 Sales Increase Per Year 8% Tax Rate 39%

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