How much external financing will frisch fish need

Reference no: EM131977294

Question: Frisch Fish Corp expects net income next year to be $605,000. Inventory and accounts receivable will have to be increased by $299,000 to accommodate this sales level. Frisch will pay dividends of $409,000. How much external financing will Frisch Fish need assuming no organically generated increase in liabilities?

Reference no: EM131977294

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