What is the maximum possible growth rate for archimedes

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Reference no: EM13339535

Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales increase by 14% in 2014 and all other items, including debt, increase correspondingly.

If the payout ratio is set at 65% and no external debt or equity is to be issued, what is the maximum possible growth rate for Archimedes?

Reference no: EM13339535

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