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Find below the Company's financial statements for year 2525. $7,700 Debt Balance Sheet, 12/31/2525 $5,100 Current assets $27.000 PP&E $32,100 Total assets $24.400 Stockholders' equity
Find below the Company's financial statements for year 2525. $7,700 Debt Balance Sheet, 12/31/2525 $5,100 Current assets $27.000 PP&E $32,100 Total assets $24.400 Stockholders' equity $32,100 new retained earings $3,430 The price-to-earnings ratio, 15.0 at year-end 2525, is expected to equal 19.5 at year- end 2526. The number of shares outstanding is 12200. The firm seeks maximum growth by relying on internal and external financing such that the debt-to-equity ratio remains constant. Find the sales growth rate. 16.4% 12.3% 11.2% 14.9% Income, 1/1-12/31/2525 Sales $128,400 total costs $123.200 net income $5,200 dividends $1.770
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