planning for the upcoming year, but does not wish to raise external capital to operating at full capacity and the data for the most recent year is presented 4. Hargrave and Houston, Inc. is upcoming year fund sales growth. The firm is below (all dollars are in millions). Sales (So) Total Assets (Ao) Profit Margin $400 Accounts Payable $650 Notes Payable 20% Accruals $50 $15 $20 2096 Payout Ratio What percentage g funds? a. 2.30% b. 9.85% c. 12.40% d. 15.10% rowth in sales for the upcoming year can be supported using only internally generated