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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 $ million last year. The business has a steady net profit margin of percent and a dividend payout ratio of percent. The balance sheet for the end of last year is shown below:
tableDecemt,tableBalance Sheetr $ millionsAssetsLiabilities and Shareholders',EquityAccount receivable,tabletableAccounts payableAccrued exnensec$
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