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Sales Increase Maggie's Muffins Bakery generated $4 million in sales during 2018, and its year and total assets were $2.8 million. Also, at year-end 2018,
Sales Increase Maggie's Muffins Bakery generated $4 million in sales during 2018, and its year and total assets were $2.8 million. Also, at year-end 2018, current abilities were st 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 abities wil crease at the same rate as sales, its profit margin will be and its payout ratio walbe 75% How large scales increase can the company achieve without having to raise funds externally that is what is is elupporting 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
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