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2 a. Use the information below from Toumment Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from

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2 a. Use the information below from Toumment Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2010 2014 3 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 (S in thousands) 2009 2010 2011 2012 2013 2014 8 Sales 9 Net income 10 Total assets 11 Equity 12 Dividends 13 477.84 491.62706.52792.01876.52 1,088.46 25.76 477.06648.42 664.26 697.16 982.63 346.32 426.01 465.85 432.91 553.27 2.22 43.27 26.31 38.48 44.84 0.80 1.65

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