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Harvard Prep Shops, a national clothing chain, had sales of $ 4 0 0 million last year. The business has a steady net profit margin

Harvard Prep Shops, a national clothing chain, had sales of $400 million last year. The business has a steady net profit margin of 15 percent and a dividend payout ratio of 20 percent. The balance sheet for the end of last year is shown below:
\table[[,Decemt,\table[[Balance Sheet],[r 31,20($ millions)]],],[Assets,,Liabilities and Shareholders',Equity],[Account receivable,\table[[95],[27]],\table[[Accounts payable],[Accrued exnensec]],$35
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