Paladin Furnishings generated $4 million in sales during 2021, and its year-end total assets were...
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Paladin Furnishings generated $ million in sales during and its yearend total assets were $ million. Also, at yearend current liabilities were $ consisting of $ of notes payable, $ of accounts payable, and $ of accrued liabilities. Looking ahead to the company estimates that its assets must increase by $ for every $ increase in sales. Paladin's profit margin is and its retention ratio is How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, million should be entered as Do not round intermediate calculations. Round your answer to the nearest cent.
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