ebook Self-Supporting Growth Rate Magoles Muffins Bakery generated 52 mico in sales during 2019, and...
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ebook Self-Supporting Growth Rate Magoles Muffins Bakery generated 52 mico in sales during 2019, and its year and total assets were $1.6 million. Also, at year-end 2019, current les were $1 mil, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals. Looking shead to 2020, the company estimates that its assets must increase at the same rate as sales, its spontaneous abies will increase at the same rate as sales, its profit marginwill be 4%, and its payout ratio will be 60% How large a sales increase can the company achieve without having to raise funds externally that is what is its self-supporting growth rate? Do not round intermediate calculation. Enter your answer for sales create in colars. For example, an answer of 52 million should be entered as 2,000,000. Round the monetary value to the nearest dollar and percentage value to one decimal place. Sales can increase by $ that is by
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