Question
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 20,200 Current assets $ 11,960 Debt $ 16,480
| The most recent financial statements for Bello Co. are shown here: |
| Income Statement | Balance Sheet | ||||||||||
| Sales | $ | 20,200 | Current assets | $ | 11,960 | Debt | $ | 16,480 | |||
| Costs | 13,900 | Fixed assets | 31,950 | Equity | 27,430 | ||||||
| Taxable income | $ | 6,300 | Total | $ | 43,910 | Total | $ | 43,910 | |||
| Taxes (22%) | 1,386 | ||||||||||
| Net income | $ | 4,914 | |||||||||
| Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 55 percent dividend payout ratio. |
| What is the sustainable growth rate? |
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On Values In Finance And Ethics Forgotten Trails And Promising Pathways
Authors: Henry Schäfer
1st Edition
3030046834,3030046842
