1. Tables 26.17 and 26.18 give balance sheet and profit and loss account of Mason Industries Limited. What is the sustainable growth rate for the company? Table 26.17: Mason Industries Limited Balance Sheet, 31 December 2014 Creditors Borrowings Share capital 3'000 6,725 Cash 40,350 Debtors 40,000 Inventory Reserve & surplus 27,250 Gross block 1,14,325 Table 26.18: Mason Industries Limited Profit & Loss Account, 31 December 2014 Sales 40,935 Less: Cost of sales 10,916 Gross profit 30,019 Less: Selling & admin. Expenses 15,010. Profit before interest and tax 15,010 '000 Less: Interest (at 12%) 4,035 Profit before tax 4,776 10,234 9,415 20,175 1,07,700 Less: Accumulated 27,000. depreciation 1,14,325