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Claxton Furniture, Inc. has $200 million in total assets all of which are being used at full capacity.Its sales revenues last year were $20 million
Claxton Furniture, Inc.has $200 million in total assets all of which are being used at full capacity.Its sales revenues last year were $20 million with a net income of $5 million.The company's payout ratio is 20%.If the firm has operating current liabilities of $15 million, what is the company's self-supporting growth rate assuming the firm's profit margin is unchanged in the next operating period?
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