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Assuming assets on 12/31/2021 balance sheet is $ 300 million . Sales on 12/31/2021 income statement $ 1,000 million Net Income on 12/31/2021 income statement
Assuming assets on 12/31/2021 balance sheet is $ 300 million . Sales on 12/31/2021 income statement $ 1,000 million Net Income on 12/31/2021 income statement = $ 100 million Retention ratio tio = 20% Payable + Accruals on 12/31/2021 balance sheet $ 200 million g = target growth rate in sales = 10% What is the self supporting growth rate in 2022 ?
25 %
20 %
10 %
30 %
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