Question 1 (20 Points) A. Use the information below from Tournament Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2013 2017. (12.5 points) points) question. Does it make sense in the context of the company's growth challenge? B. Describe Tournament Sporting Goods' growth challenge, if any, over this period. (5 C. Comment on the observed change in the company's payout policy over the period in Explain. (2.5 points) Tournament Sporting Goods (S in thousands 2015 2016 477.84 491.62 706.52 792.0 876.52 2013 2012 2014 2017 1,088.46 25.76 982.63 553.27 2.22 Sales Net income Total assets Equity Dividends 43.27 27 26.31 38.48 44.84 77.06 648.42 664.26 697.16 -346.32 426.0 465.85 432.91 1.65 0.80