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Find below the Company's financial statements for year 2525. Balance Sheet, 12/31/2525 Income, 1/1 - 12/31/2525 $345 Current assets $1,445 Debt Sales $20,700 $3.800 PP&E

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Find below the Company's financial statements for year 2525. Balance Sheet, 12/31/2525 Income, 1/1 - 12/31/2525 $345 Current assets $1,445 Debt Sales $20,700 $3.800 PP&E $2.700 Stockholders' equity total costs $19.800 $4,145 Total assets $4,145 net income $900 dividends $510 new retained earnings $390 For 2526 the asset turnover (sales+total assets), net profit margin (=net income + sales), payout ratio (=dividends+net income) and price-to-earnings ratio (now 23.8) will be constant. The number of shares outstanding is 140. The firm seeks maximum growth by relying exclusively on retained earnings; external financing will be zero. What is the sales growth rate? * 15.8% O 10.4% O 18.2% O 11.9% 13.7%

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