Solution-What would be eli ending cash balance

What would be eli ending cash balance

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Question: Eli Lilly sales for his nursery and plant company is $560,000. Eli's net assets (assets - liabilities) will be at 50 percent of sales. His firm will enjoy an 8 percent return on total sales. He will begin the year with $120,000 in the bank. If there is no increase in sales and all other facts remain the same, what would be Eli's ending cash balance?

Reference no: EM132754978

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What would be eli ending cash balance

Reference no: EM132754978

Reference no: EM132754978

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