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solina solina
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6 years ago
Wolf Den Craft Beers projects that it will need $50 million in total assets to meet the sales projection of $65 million.  The pro forma balance sheet shows accounts payable, $8 million, accrued expenses, $2 million, long-term debt, $10 million and equity, $25 million.  If Wolf Den decides to meet discretionary financing needs with 5 year notes payable, how much will it need to borrow?
A) $10 million
B) $0, the firm will have excess funds
C) $5 million.
D) Cannot be calculated without knowing the net profit margin.
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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vanrheevanrhee
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drewlunsford11,  mkelly1355

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solina Author
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#2
6 years ago
Simple and easy, thank u
Heavy Heart Thank you bio-forums! Heavy Heart
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#3
4 years ago
Thank you
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#4
4 years ago
Thank you so much
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#5
4 years ago
Thank you
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#6
3 years ago
thank you!
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#7
3 years ago
thank you
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#8
3 years ago
thank you!
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