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The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 19,300 Current assets $ 11,780 Debt $ 15,940
The most recent financial statements for Bello Co. are shown here: |
Income Statement | Balance Sheet | ||||||||||
Sales | $ | 19,300 | Current assets | $ | 11,780 | Debt | $ | 15,940 | |||
Costs | 13,200 | Fixed assets | 27,900 | Equity | 23,740 | ||||||
Taxable income | $ | 6,100 | Total | $ | 39,680 | Total | $ | 39,680 | |||
Taxes (21%) | 1,281 | ||||||||||
Net income | $ | 4,819 | |||||||||
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.) |
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