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The most recent financial statements for Shinoda Manufacturing Co. are shown below: Balanc

The most recent financial statements for Shinoda Manufacturing Co. are shown below: Balanc

The most recent financial statements for Shinoda Manufacturing Co. are shown below: Balance Sheet Income Statement 63,200 Current assets Sales 23,000 Debt 39,200 45,180 Fixed assets 59,700 Costs 75,900 Equity 98,900 Total 98,900 Taxable income 18,020 Total Tax (35%) 6,307 11,713 Net Income Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 33 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.) Sustainable growth rate

Abhinav 02-Dec-2019

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