The most recent financial statements for Live Co. are shown here(Do not include the percen
The most recent financial statements for Live Co. are shown here(Do not include the percent sign (%). Round your answer to 2decimal places.
IncomeStatement
|
Balance Sheet
|
Sales
|
$11,100
|
Current assets
|
$11,798
|
Debt
|
$23,590
|
Costs
|
7,326
|
Fixed assets
|
28,886
|
Equity
|
17,094
|
Taxable income
|
$3,774
|
Total
|
$40,684
|
Total
|
$40,684
|
Taxes (33%)
|
1,245
|
|
|
|
|
Net income
|
$2,529
|
|
|
|
|
|
|
|
|
|
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Assets and costs are proportional to sales. Debt and equity arenot. The company maintains a constant 28 percent dividend payoutratio. No external equity financing is possible. The sustainablegrowth rate is therefore ___ percent.
Abhinav
02-Dec-2019