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Bannister Legal Services generated $2 million in sales during last year, and its year-end total assets were $3.1 million. Also, at year-end, spontaneous liabilities were
Bannister Legal Services generated $2 million in sales during last year, and its year-end total assets were $3.1 million. Also, at year-end, spontaneous liabilities were $1.4 million, the firm's profit margin was 5% and payout ratio was 29%. What is the firm's self-supporting growth rate? (Enter your answer as a percentage with 2 decimal points, ie 12.34%)
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