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Growth rate is wrong please help The most recent financial statements for Mandy Company are shown here: Income Statement Sales Costs Taxable income Taxes (23%)
Growth rate is wrong please help
The most recent financial statements for Mandy Company are shown here: Income Statement Sales Costs Taxable income Taxes (23%) Net income $ 19,900 13,600 $ 6,300 1,449 $ 4,851 Current assets Fixed assets Total Balance Sheet $ 11,900 Debt 30,600 Equity Total 42,500 $ 16,300 26,200 $ 42,500 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. 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 11.11 0/0
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