1. A firm has adopted a policy whereby it will not seek any additional external financing. 

Given this, what is the maximum growth rate of the firm if it has net income of $12,000, total assets of $80,000, and a 30 percent dividend payout ratio?

2. A firm has sales for the year of $686,000. The profit margin is 6.60 percent.  What is the common-size percentage for the Net Income on the Income Statement?