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The most recent financial statements for Schenkel Co. are shown here: Assets and costs ar

The most recent financial statements for Schenkel Co. are shown here:

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible.

What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Please show work. Thank you

The most recent financial statements for Schenkel Co. are shown here:

Dec 02 2019 Read more Less More

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