ABC has been averaging 18% sales and earnings growth over the last 5 years, and its cash position is approximately 3% of total assets. XYZ has been averaging 5% sales and earnings growth over the last 5 years, and its cash position is approximately 15% of total assets. What statement would be most correct?

		ABC should have a high payout ratio
		ABC should have a low payout ratio
		ABC is likely in the mature phase of its life cycle growth
		XYZ is likely in the expansion phase of its life cycle growth