Suppose that Psy Ops Industries currently has the balance sheet shown as follows,and that sales for the year just ended were $6 million.The firm also has a profit margin of 9 percent,a retention ratio of 5 percent,and expects sales of $8.5 million next year.If fixed assets have enough capacity to cover the increase in sales and all other assets and current liabilities are expected to increase with sales,how much additional funds will Psy Ops need from external sources to fund the expected growth?
Definitions:
Magnet Countries
Nations that attract a large number of immigrants due to their strong economies, political stability, and/or quality of life.
Labor Force
The total number of people employed or seeking employment in an economy at any given time.
Economic Opportunities
Opportunities within an economy for individuals and businesses to create value, income, and employment through entrepreneurial ventures or investments.
Political Oppression
The unjust or cruel exercise of authority or power by a government or political entity over individuals or groups, often to maintain control or suppress dissent.
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