Calculate, as a percentage of revenue, how much the Millers would keep in the business for growth $($i$.$e$.,$ working capital and the purchase of non$-$current assets$),$ and how much would be used to repay the principal on their loan.

First Split:

$70\%$ for retained earnings $=$

blank$1-$ Numeric Answer

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$\%$

$30\%$ for debt reduction $=$

blank$2-$ Numeric Answer

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$\%$

Second Split:

$50\%$ of retained earnings in working capital $=$

blank$3-$ Numeric Answer

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$\%$

$50\%$ of retained earnings in non$-$current assets $=$

Answer rating: 100% (QA)

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