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Suppose that Team Industries, Inc. currently has the balance sheet shown below, and that sales for the year just ended were $3 million. The firm also has a profit margin of 20 percent, a retention ratio of 30 percent, and expects sales of $6 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?
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Process Power
The influence that individuals or groups can exert through their understanding and manipulation of procedural aspects within a system.
Tenor
In literature, the underlying theme or main idea of a work; in music, the high male voice, or part traditionally sung by a tenor.
Tempo
The speed or pace at which something occurs, often used in reference to music or activities.
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