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The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs 13,800 $20,100 Current Balance Sheet $ 11,940 Debt 31,500 Equity

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The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs 13,800 $20,100 Current Balance Sheet $ 11,940 Debt 31,500 Equity assets Fixed assets $16,420 27,020 Taxable income $ 6,300 Total $43,440 Total $43,440 Taxes (21%) 1,323 Net income $ 4,977 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.) Answer is complete but not entirely correct. Sustainable growth 12.38 rate

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