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Please help!! The most recent financial statements for Schenkel Co. are shown here Income Statement Balance Sheet $16,300 24,000 Sales $ 16,600 Current assets $11,800
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The most recent financial statements for Schenkel Co. are shown here Income Statement Balance Sheet $16,300 24,000 Sales $ 16,600 Current assets $11,800 Debt 12,500 Fixed assets 28,500 Equity Costs Taxable income Taxes (40%) Total 540,300 Total S40,300 4,100 1,640 S 2,460 Net income Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 25 percent dividend payout ratio. No external equity financing is possible. 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 rateStep by Step Solution
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