Home / Questions / The most recent financial statements for Shinoda Manufacturing Co. are shown below: Income
The most recent financial statements for Shinoda Manufacturing Co. are shown below: Income Statement Balance Sheet $75,300 Current assets 27,000 Debt 37,200 Sales 89,300 Equity Costs 55,380 Fixed assets 79,100 Taxable income $19,920 Total $116,300 Total 116,300 Tax (35%) 6,972 $12,948 Net Income Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external financing is possible Required What is the sustainable growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Sustainable growth rate
Dec 02 2019 Read more Less More
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