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The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable Balance Sheet Cuns 11760 Debt 15,880 13,050 Fixed assets
The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable Balance Sheet Cuns 11760 Debt 15,880 13,050 Fixed assets 27,450 Equity 23,330 assets $ 6,150 39,210Total $ 39,210 income Taxes (24%) 1,476 Net income 4,674 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio 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 rate Assume the following ratios are constant: Total asset 3.3 6.2% 22% turnover Profit margin Equity multiplier 15 Payout ratio 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 rate
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