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Your company is expected to double from $500,000 to $1,000,000 next year. You note that net assets will remain at 50 percent of sales. Your firm will enjoy a 9 percent return on total sales. Compute the cash balance or deficit for the end of the year. Start with the beginning cash and subtract the asset buildup (equal to 50 percent of the sales increase) and add in profit.Insert non-formatted text here</now iki>
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