LO 3 14. Sustainable Growth. Assuming the following ratios are constant, what is the sustainable growth rate? Total asset turnover 2.80 Profit margin = 5.7% Equity multiplier = 1.47 Payout ratio 55% Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. Use this information to work Problems 15 through 17. 88 PART 2 Understanding Financial Statements and Cash Flow 2016 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Assets Liabilities and Owners' Equity Current assets Current loties Cash $ 19,256 $ 21,946 Accounts payable $171,531 Accounts receivable 46,396 54,486 Notes payable 79,218 Inventory 109,626 129,253 Total $250,749 Total $175,278 $205,685 Long-term debt $255,000 Owners' equity Common stock and paid in surplus $160.000 Fixed assets Accumulated retained earnings 214,915 Net plant and equipment $705,386 $785,205 Total $374,915 Total assets $880,664 $990,890 Total liabilities and owners equity $880,664 $153,984 107,606 $261,590 $278,500 $170,000 200,800 $450,800 $990,890