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The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet $20,500 Current assets 12,020 Debt 16,660 Sales 14,100 Fixed assets
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet $20,500 Current assets 12,020 Debt 16,660 Sales 14,100 Fixed assets 33,300 Equity 28,660 Costs Taxable $ 6,400 Total $45,320 T$45,320 income Taxes (21%) 1,344 Net income $5,056 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 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
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