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Question
Please refer to Oscar's financial statements. Assume a constant net profit margin and dividend payout ratio, and further assume all of Oscar's assets and current liabilities vary directly with sales. Assume long-term debt and common stock remain unchanged. Sales are projected to increase by 10 percent. What is the external financing need for next year?
A. -$410
B. -$260
C. $235
D. $1,320
E. $7,240
F. None of the above.
Answer
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Related questions
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