Macmillan sales are expected to increase from % 5 million in 2000 to $ 6 million in 2001, or by 20% its assets totaled $ 3 million at the end of 2000....

Macmillan sales are expected to increase from % 5 million in 2000 to $ 6 million in 2001, or by 20% its assets totaled $ 3 million at the end of 2000. Macmillan is at the capacity so its assets must grow at the same rate as projected sales. At the end of 2000, current liabilities were $ 1 million consisting of $ 250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrual. The after tax profit margin forecasted to be 5% and the forecasted payout ratio coming year under AFN formula.