Galehouse Gas Stations Incorporated expects sales to increase from $1,500,000 to $1,700,000 next year. Galehouse...
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Galehouse Gas Stations Incorporated expects sales to increase from $1,500,000 to $1,700,000 next year. Galehouse believes that net assets (Assets Liabilities) will represent 70 percent of sales. Her firm has an 10 percent return on sales and pays 40 percent of profits out as dividends. What effect will this growth have on funds?
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