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Bannister Legal Services generated $ 2 . 0 million in sales during 2 0 0 7 , and its year - end total assets were
Bannister Legal Services generated $ million in sales during and its year
end total assets were $ million. Also, at yearend current liabilities were
$ consisting of $ of notes payable, $ of accounts payable,
and $ of accruals. Looking ahead to the company estimates that itsassets must increase by cents for every $ increase in sales. Bannisters profit
margin is and its payout ratio is How large a sales increase can the com
pany achieve without having to raise funds externally?
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