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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
| 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 ($ thousands) | ||||||
| 2013 | 2014 | 2015 | 2016 | 2017 | ||
| Sales | 491.62 | 706.52 | 792.01 | 876.52 | 1,088.46 | |
| Net income | 43.27 | 26.31 | 38.48 | 44.84 | 25.76 | |
| Total assets | 477.06 | 648.42 | 664.26 | 697.16 | 982.63 | |
| Equity | 346.32 | 426.01 | 465.85 | 432.91 | 553.27 | |
| Dividends | 0.00 | 0.00 | 0.80 | 1.65 | 2.22 | |
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Auditing And Other Assurance Services
Authors: Alvin Arens, James Loebbecke, W Lemon, Ingrid Splettstoesser
9th Canadian Edition
0130091243, 978-0130091246
