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The most recent financial statements for Bello Co. are shown here: Balance Sheet $23.719 Debt $23,377 16,598 Equity 16,940 Income Statement Current Sales $11,000 assets

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The most recent financial statements for Bello Co. are shown here: Balance Sheet $23.719 Debt $23,377 16,598 Equity 16,940 Income Statement Current Sales $11,000 assets Fixed Costs 6,600 assets Taxable $4,400 Total income Taxes (24%) 1,056 Net income $3,344 $40,317 Total $40,317 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 34 percent dividend payout ratio. What is the sustainable growth rate? Multiple Choice 14.48 % 15.48%

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