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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 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

 

 

 

 

           

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

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