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solina solina
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6 years ago
Assume that Hercules Manufacturing has sales of $25 million and current assets of $5 million. The corporation utilizes the percent-of-sales method of financial forecasting. If Hercules is expected to generate sales of $31 million next year, what will the firm's investment in current assets be?
A) $8.3 million
B) $4.0 million
C) $6.2 million
D) $5.0 million
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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LutionalLutional
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solina Author
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6 years ago
Correct Slight Smile TY
avance37
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Thank you, thank you, thank you!
kh540941
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This helped my grade so much Perfect
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