A1 x & lx D E F G H 4 J 5 $ 7 3 Sales Costs Taxable income Taxes Net income 53,500 41,800 11,700 3,978 7,722 Current assets $ 19,000 Debt Fixed assets 72,000 Equity Total $ 91,000 Total $ 43,000 48,000 $ 91,000 $ 0 $ 1 2 3 Payout ratio Tax rate 30% 21% 4. 5 6 7 Complete the following analysis. Do not hardbode values in your calculations. 8 Return on equity 16.09% 9 20 Retention ratio 70% 21 Sustainable growth rate 12.69% 23 24 Maximum increase in sales