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Len and Joan want to reinvest 60% of their $30,000 profit in their business and use the rest to repay the principal on their loan.

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Len and Joan want to reinvest 60% of their $30,000 profit in their business and use the rest to repay the principal on their loan. They expect to irwest 50% of the retained earnings in working capital and 50% in non-current assets. Compufech's 2013 revenue is estimated to be $360,000 Question Calculate, as a percentage of revenue, how much the Millers would keep in the business for growth (i.e., working capital and the purchase of non-current asse(s), and how much would be used to repay the pancipat on their loan. Round to one decimal point. First Split: 607s for retained earnings = 30ib for debt reduction =

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