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What is the DFN

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Reference no: EM132608814

Question 1: A firm reports projected sales of 200 million. A/R is expected to be 20% of sales, PPE is expected to be 50% of sales, and A/P is expected to be 10% of sales and proforma income is expected to be 20 million. The firm has 15 million in equity and 12 million in debt. What is the DFN?

Reference no: EM132608814

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