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Business, 18.08.2021 20:40 peytontanner

​(Financial forecasting percent of sales​) Next​ year's sales for Cumberland Mfg. are expected to be ​$14.95 million. Current sales are ​$ ​million, based on current assets of ​$ million and fixed assets of ​$ million. The​ firm's net profit margin is percent after taxes. Cumberland estimates that its current assets will rise in direct proportion to the increase in​ sales, but that its fixed assets will increase by only​ $200,000. Currently, Cumberland has ​$ million in accounts payable​ (which vary directly with​ sales), ​$ million in​ long-term debt​ (due in 10​ years), and common equity​ (including ​$ million in retained​ earnings) totaling ​$ million. Cumberland plans to pay ​$ million in common stock dividends next year.

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​(Financial forecasting percent of sales​) Next​ year's sales for Cumberland Mfg. are expected to be...
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