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Suppose that BBM Industries, Inc. currently has the balance sheet shown as follows, and that sales for the year just ended were $2 million. The firm also has a profit margin of 5 percent, a retention ratio of 50 percent, and expects sales of $2.5 million next year. If all assets and current liabilities are expected to increase with sales, what amount of additional funds will the company need from external sources to fund the expected growth?
Creativity
The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.
Reification
The cognitive error of treating an abstract concept as if it were a real, concrete event or physical entity.
Human Nature
The inherent characteristics, including ways of thinking, feeling, and acting, that all humans tend to have naturally.
Germ Theory
is a fundamental scientific theory in biology that states that microorganisms are the primary cause of many diseases.
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