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E The most recent financial statements for Minnie's Manufacturing Co. are shown below: Balance Sheet Income Statement Sales $92,400 Current assets Costs 66,750 Fixed assets
E The most recent financial statements for Minnie's Manufacturing Co. are shown below: Balance Sheet Income Statement Sales $92,400 Current assets Costs 66,750 Fixed assets $ 33,000 Debt $ 43,200 83,600 93,800 Equity Taxable E income $25,650 Total $126,800 Total $126,800 Tax 5,900 Net Income $ 19,750 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate
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