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The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable Balance Sheet $20,900Current $12,100 Debt 16,900 14,400 Fixed assets
The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable Balance Sheet $20,900Current $12,100 Debt 16,900 14,400 Fixed assets 35,100 Equity 30,300 assets $ 6,500 Total $47,200 Tota $47,200 income Taxes (25%) 1,625 Net income 4,875 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 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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