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Payne products sales last year were an anemic $1.6 million, but with an improved product mix it expects sales growth to be 25% this year,

Payne products sales last year were an anemic $1.6 million, but with an improved product mix it expects sales growth to be 25% this year, and Payne would like to determine the effect of various current asset policies on its financial performance. Payne has $1million of fixed assets and intends to keep its tebt ratio at its historical level of 60%. Payne

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