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Approximate Precision Tools generated $ 8 0 0 , 0 0 0 in sales during 2 0 1 7 , and its year - end
Approximate Precision Tools generated $ in sales during and its yearend total assets were $ Also, at yearend current liabilities were $ consisting of $ of notes payable, $ of accounts payable and $ of accruals. Looking ahead to the company estimates that its assets and spontaneous liabilities must increase at the same rate as sales. Its profit margin will be and its payout ratio will be What is the company's selfsupporting growth rate and how large a sales increase in dollars can the company achieve without having to raise funds externally?
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