Stopa wzrostu przedsiębiorstwa w kontekście planowania finansowego
Corporate growth rate in the context of financial planning

Summary/Abstract: The paper shows the method of financial planning oriented towards the estimation of the additional demand for external financing due to the growth of a company. The method is based on a synthetic formula that takes into account the relationships among the growth in sales, assets, short-term liabilities and retained earnings. The article also explains how to estimate the rate of sustainable growth, with which there is no need for additional funding. Considerations in the article are illustrated by means of the example explaining the relationships discussed.

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