The Dalmation Corporation expects the following summarized financial results this year ($000). Use the EFR relation to

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The Dalmation Corporation expects the following summarized financial results this year ($000).

The Dalmation Corporation expects the following summarized finan

Use the EFR relation to estimate Dalmation€™s external funding requirements under the following conditions.
a. Sales growth of 15%.
b. Sales growth of 20% and a reduction in the payout ratio to 25%.
c. Sales growth of 25%, elimination of dividends, and a 4% improvement inROS.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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