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Use the information below from Tournment Sporting Goods's annual financial statements to

Use the information below from Tournment Sporting Goods's annual financial statements to

 Use the information below from Tournment Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2010 - 2014.              
b. Do you think Tournment Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for the company?              
                           
                           
Tournment Sporting Goods ($ in thousands)              
  2009 2010 2011 2012 2013 2014              
Sales 477.84      491.62      706.52      792.01      876.52 1,088.46              
Net income           -          43.27        26.31        38.48        44.84        25.76              
Total assets           -        477.06      648.42      664.26      697.16      982.63              
Equity           -        346.32      426.01      465.85      432.91      553.27              
Dividends           -               -               -            0.80          1.65          2.22          
Abhinav 03-Dec-2019

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