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a. Use the information below from Tournament Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2014

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a. Use the information below from Tournament Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2014 to 2017 b. Do you think Tournament Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for the company? . TOURNAMENT SPORTING GOODS FINANCIAL DATA (S thousands) 2013 2014 2015 2016 491.62 706.52 792.01 876.52 43.27 26.31 38.48 44.84 477.06 648.42 664.26 697.16 346.32 426.01 465.85 432.91 0.00 0.00 0.80 1.65 Sales Net income Total assets Equity Dividends 2017 1,088.46 25.76 982.63 553.27 2.22 1 2 3 4

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