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Maggle's Mutfins Bakery generated 54 million in sales during 2018 , and its year-end total assets were 52 million. Aso, at year-end 2018 , current

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Maggle's Mutfins Bakery generated 54 million in sales during 2018 , and its year-end total assets were 52 million. Aso, at year-end 2018 , current liabilities were $1 million, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals, Looking ahead to 2019 , the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its proft margin wall be 3%, and its payout ratio will be 45%. How large a sales increase can the company achieve without having to raise funds externaliy-that is, what is its selt-supporting growth rate? Do not round intermediate calculations. Round the monetary value to the nearest dollar and percentage value to the nearest whole number. Sales can increase by 3 , that is by

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