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Developing a Long-Term Financial Plan
17–1. (Forecasting financing needs) Zapatera Enterprises is evaluating its financing requirements for 2017. The firm has been in business for only one year, but its CFO predicts that the firm’s operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales. In 2016, Zapatera had $12 million in sales with net income of $1.2 million. The ...
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