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4. ADP, Inc., is a manufacturer of specialty circuit boards in the personal computer industry. The firm has experienced phenomenal sales growth over its short
4. ADP, Inc., is a manufacturer of specialty circuit boards in the personal computer industry. The firm has experienced phenomenal sales growth over its short five-year life. Selected financial statement data are found in the following table: a. Calculate ADP's sustainable rate of growth for each of the five years of its existence. b. Compare the actual rates of growth in sales to the firm's sustainable rates calculated in part a. How has ADP been financing its growing asset needs
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