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Sales are expected to increase by 15% from 7.0 million in 2019 to 8.05 million in 2020. ITs assets totaled $3 million at the end of 2019.
Company is already at full capacity, so its assets must grow at the same rate as projected sales.
At the end of 2019:
Current liabilities were $1.4 million,
consisting of $450,000
accounts payable, $500,000
notes payable, and $450,000 of accurals.
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