Chapter 4 Problem 10 -- Tournment Sporting Goods
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 2008 - 2011.
b. Do you think Tournment Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for company?-Located on Word Document.
Tournment Sporting Goods ($ in thousands)
	2006	2007	2008	2009	2010	2011
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