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Jolly Joe’s Novelties, Inc. had the financial data shown below last
year. Jolly Joe’s has just invented a new toy which they expect will
cause sales to double from $100,000 to $200,000, increasing net income
to $10,000. The company feels they can handle the increase without
adding any fixed assets. a. Will Jolly Joe’s need any new outside
funding if they pay no dividends? b. If so, how much?
