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Payout ratio = 30% 21. Sustainable Growth and Outside Financing [LO3] You've collected the follow- ing information about Molino, Inc.: Sales = $215,000 Net income

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Payout ratio = 30% 21. Sustainable Growth and Outside Financing [LO3] You've collected the follow- ing information about Molino, Inc.: Sales = $215,000 Net income = $17,300 Dividends = $9,400 Total debt = $77,000 Total equity = $59,000 PART 2 Financial Statements and Long-Term Financial Planning What is the sustainable growth rate for the company? If it does grow at this rate, at all? how much new borrowing will take place in the coming year, assuming a constant debt-equity ratio? What growth rate could be supported with no outside financing

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