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Income Statement Balance Sheet Sales Costs Taxable income Taxes (34%) $11,000 Current asse

Income Statement Balance Sheet Sales Costs Taxable income Taxes (34%) $11,000 Current asse

Income Statement Balance Sheet Sales Costs Taxable income Taxes (34%) $11,000 Current assets $23,719 Debt $4,400 Total $2,904 $23,377 16,940 $40,317 Equity $40,317 Total 6.600 Fixed assets16.598 1.496 Net income Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 28 percent dividend payout ratio. No external equity financing is possible. Required What is the sustainable growth rate? (Do not round your intermediate calculations.) 0 504% 14.08 % 0 547% 13.58% 0 14.58% References eBook&Resources;

Abhinav 04-Dec-2019

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