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10) The CFO and IPOD Accessories, In. has asked for youre

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10) The CFO and IPOD Accessories, In. has asked for you’re in estimating the firm’s additional financing needed for next year. The CFO has provided the following information to help you with your task:
Sales are forecasted to increase in sales.
Current liabilities will increase by 80 percent of increase in sales.
Net income is projected to equal $125, 000
Projected dividend payments will equal $35,000

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