Assume Costs, Assets, and Accounts Payable All Increase at the Same

question 315

Multiple Choice

Assume costs, assets, and accounts payable all increase at the same rate as sales. Also assume 80% of net income is paid out in dividends. If sales grow at 25%, compute external financing needed.

• A) $0.00
• B) $4.50
• C) $22.50
• D) $29.50
• E) $52.00

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