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Chapter 4 a. Use the information below from Tournment Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year
Chapter 4 | |||||||||||||
a. Use the information below from Tournment Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2010 - 2014. | |||||||||||||
b. Do you think Tournment Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for the company? | |||||||||||||
Tournment Sporting Goods ($ in thousands) | |||||||||||||
2009 | 2010 | 2011 | 2012 | 2013 | 2014 | ||||||||
Sales | 477.84 | 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 | - | - | - | 0.80 | 1.65 | 2.22 |
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