I In your business, assets, and liabilities have historically varied with sales. Assets are usually...
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Accounting
I In your business, assets, and liabilities have historically varied with sales. Assets are usually 79 percent of sales, and liabilities are usually 50 percent of sales. Your sales next year will be $208,000 which represents an increase of $43,000. Your profit margin is 10.34 percent. You anticipate that you will have an 31 owner payout of net profit. Using the percentage of sales method, determine the amount of additional financing or surplus for your business next year
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