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7.600 6,765 190 645 Income Statement Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income
7.600 6,765 190 645 Income Statement Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Dividends 21 624 217 407 183 Balance Sheet Cash Accounts rec. Inventory 2,150 830 2.400 Accounts payable Long-term debt Common stock (par & paid- in capital) Retained earnings 1,650 280 2,700 4,010 Total Net fixed assets Total assets 5,380 3,260 8.640 Total liabilities & equity 8.640 If the Nitro Tap Company maintains a constant debt-to-equity ratio, what growth rate can it maintain? Assume no additional external equity financing is available
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