Last year's sales $3000
Last year's accounts payable $180
Sales growth rate 8%
Last year's notes payable $350
Last year's total assets $1950
Last year's accruals $30
Last year's net profit margin 1.003% Target payout ratio 40%
All necessary data are provided above. Other data are either unavailable or deemed unnecessary for the analysis. Use only data provided to perform analysis. You may make any reasonable assumptions if necessary to complete the analysis. In each case, you must state the assumption you make and provide a brief explanation to defend the assumption.