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The most recent financial statements for Bello Co. are shown here: Balance Sheet ncome Statement Sales Costs Taxable Current $12,060 Debt$ 16,780 14,200 Fixed assets
The most recent financial statements for Bello Co. are shown here: Balance Sheet ncome Statement Sales Costs Taxable Current $12,060 Debt$ 16,780 14,200 Fixed assets 34,200 Equity 29,480 assets $ 6,500 Tot $46,260 Total $46,260 income Taxes (24%) 1,560 Net income $ 4,940 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 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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