{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-22T16:10:19-04:00", "answer_date": "2024-05-22 16:10:19", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1521042", "url": "\/study-help\/questions\/eagle-sports-supply-has-the-following-financial-statements-assume-that-1521042", "question_creation_date_js": "2024-05-22T16:10:19-04:00", "question_creation_date": "May 22, 2024 04:10 PM", "meta_title": "[Solved] Eagle Sports Supply has the following fin | SolutionInn", "meta_description": "Answer of - Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales. | SolutionInn", "meta_keywords": "eagle,sports,supply,financial,statements,assume,s,assets,proportional,sales,income,statement", "question_title_h1": " Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales. INCOME STATEMENT, 2019 Sales $ 1,750 Costs", "question_title": " Eagle Sports Supply has the following financial statements. Assume that Eagle's", "question_title_for_js_snippet": "Eagle Sports Supply has the following financial statements Assume that Eagle's assets are proportional to its sales INCOME STATEMENT, 2019 Sales $ 1,750 Costs 340 Interest Taxes 80 290 Net income $ 1,040 2018 Assets $ 5,700 BALANCE SHEET, YEAR END 2019 $ 6,000 Total $ 5,700 $ 6,000 Debt Equity Total 2018 $ 1,900 3,800 $ 5,700 2019 $ 2,000 4,000 $ 6,000 a What is the internal growth rate of Eagle Sports if the dividend payout ratio is fixed at 70 and the equity to asset ratio is fixed at 2 3 Note Do not round intermediate calculations Enter your answer as a percent rounded to 2 decimal places b What is the sustainable growth rate Note Do not round intermediate calculations Enter your answer as a percent rounded to 2 decimal places a Internal growth rate b Sustainable growth rate ", "question_description": "\"image", "transcribed_text": "Eagle Sports Supply has the following financial statements. Assume that Eagle's assets are proportional to its sales. INCOME STATEMENT, 2019 Sales $ 1,750 Costs 340 Interest Taxes 80 290 Net income $ 1,040 2018 Assets $ 5,700 BALANCE SHEET, YEAR-END 2019 $ 6,000 Total $ 5,700 $ 6,000 Debt Equity Total 2018 $ 1,900 3,800 $ 5,700 2019 $ 2,000 4,000 $ 6,000 a. What is the internal growth rate of Eagle Sports if the dividend payout ratio is fixed at 70% and the equity-to-asset ratio is fixed at 2\/3? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. b. What is the sustainable growth rate? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. a. Internal growth rate b. Sustainable growth rate % %", "related_book": { "title": "Financial accounting", "isbn": "978-0132751216, 132751127, 132751216, 978-0132751124", "edition": "9th edition", "authors": "Walter T. Harrison Jr., Charles T. Horngren, C. William Thom", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/247.jpg", "uri": "\/textbooks\/financial-accounting-9th-edition-247", "see_more_uri": "" }, "free_related_book": { "isbn": "B0B45DC7PP", "uri": "\/textbooks\/the-daily-successes-of-the-month-small-booklet-keep-track-of-your-daily-successes-and-victories-31-days-to-fill-in-a-simple-minimal-interior-motivational-quotes-monthly-edition-6x9-1st-edition-b0b45dc7pp-284715", "name": "The Daily Successes Of The Month Small Booklet Keep Track Of Your Daily Successes And Victories 31 Days To Fill In A Simple Minimal Interior Motivational Quotes Monthly Edition 6x9", "edition": "1st Edition" }, "question_posted": "2024-05-22 16:10:19", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/campione-manufacturing-acquired-an-80-interest-in-daluca-distributors-a", "description": "Campione Manufacturing acquired an 80% interest in DaLuca Distributors, a foreign corporation established on November 1, 2006, for 650,000 foreign currency units (FC). 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