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= = 2. The Mii Mwema Ltd has the following ratios: Assets that increase spontaneously with sales = 1.8; Liabilities that increase spontaneously with
= = 2. The Mii Mwema Ltd has the following ratios: Assets that increase spontaneously with sales = 1.8; Liabilities that increase spontaneously with sales dividend payout ratio 0.45; profit margin = 15%; and = 30%. Sales last year were Tshs 900 million. Assuming that these ratios will remain constant, determine the maximum growth rate that the company can achieve without having to employ non spontaneous external funds.
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