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5. value: 10.00 points The most recent financial statements for Schenkel Co. are shown here: Income Statement Sales $ 14,400 Costs 9,600 Current assets Fixed
5. value: 10.00 points The most recent financial statements for Schenkel Co. are shown here: Income Statement Sales $ 14,400 Costs 9,600 Current assets Fixed assets Balance Sheet $ 11,700 Debt 28,250 Equity $ 16,200 23,750 Taxable income $ 4,800 Total $39,950 Total $39,950 Taxes (40%) 1,920 Net income $ 2,880 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 20 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate
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