Question
Shamrock Diamonds expects sales next year to be Php 3,000,000.00. Inventory and Accounts
Receivable will increase Php 420,000.00 to accommodate this sales level. The company had a steady
profit margin of 10 percent with a 25 percent dividend payout. How much external financing will the
firm have to seek?
Receivable will increase Php 420,000.00 to accommodate this sales level. The company had a steady
profit margin of 10 percent with a 25 percent dividend payout. How much external financing will the
firm have to seek?