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Getrag expects its sales to increase 20% next year from its current level of $4.7 million. Getrag has current assets of $660,000, net fixed assets of $1.5 million, and current liabilities of $462,000. All assets are expected to grow proportionately with sales. If Getrag has a net profit margin of 10%, what additional financing will be needed to support the increase in sales? Getrag does not pay dividends.
Edema
An accumulation of fluid in the tissues, causing swelling, often as a result of inflammation or injury.
Pyelonephritis
A type of urinary tract infection that affects one or both kidneys.
Glomerulonephritis
An inflammation of the tiny filters in the kidneys (glomeruli), which can affect kidney function.
Pyelitis
Inflammation of the renal pelvis, the funnel-shaped structure in the kidney where urine is collected before passing into the ureter.
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