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11 The most recent financial statements for Live Co. are shown here: Income Statement Sales $19670 Costs $11755 Taxable Income ? Taxes (40%) ? Net
11
The most recent financial statements for Live Co. are shown here:
Income Statement | |
Sales | $19670 |
Costs | $11755 |
Taxable Income | ? |
Taxes (40%) | ? |
Net Income | ? |
Balance Sheet | |||
Current Asset | $10093 | Debt | $12614 |
Fixed Asset | $27826 | Equity | ? |
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 24 percent dividend payout ratio. No external financing is possible.
What is the sustainable growth rate (in %)?
(Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 4 decimal places. For example, 1.23456% should be entered as 1.2346)
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