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Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2019 Sales $ 2,500 Cost 1,900 Net income $ 600 BALANCE SHEET, YEAR-END 2018
Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2019 Sales $ 2,500 Cost 1,900 Net income $ 600 BALANCE SHEET, YEAR-END 2018 2019 2018 2019 Assets $ 2,500 $ 3,000 Debt $ 853 $ 1,000 Equity 1,647 2,000 Total $ 2,500 $ 3,000 Total $ 2,500 $ 3,000 Assume the payout ratio is 50%. Calculate the internal growth rate where no external debt or equity is to be issued. Note: Do not round intermediate calculations. Enter your answer as a whole percent. Calculate the sustainable growth rate where the firm maintains
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