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Frisch fish corp expects net income next year to be 599000

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Frisch Fish Corp expects net income next year to be $599,000. Inventory and accounts receivable will have to be increased by $301,000 to accommodate this sales level. Frisch will pay dividends of $404,000. How much external financing will Frisch Fish need assuming no organically generated increase in liabilities.

Reference no: EM13483449

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