Busi-320 corporate finance-2013 fall-b exam 2
BUSI-320 Corporate Finance-2013 Fall-B (Moten) Exam 2 2.Problem 6-4 External financing [LO1] Antivirus, Inc., expects its sales next year to be $4,400,000. Inventory and accounts receivable will increase by $670,000 to accommodate this sales level. The company has a steady profit margin of 20 percent with a 40 percent dividend payout. How much external financing will the firm have to seek? Assume there is […]