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The most recent financial statements for Bello Company are shown here: Income Statement Balance Sheet Sales $20,000 Current assets $ 43,126 Debt $42,504 Costs
The most recent financial statements for Bello Company are shown here: Income Statement Balance Sheet Sales $20,000 Current assets $ 43,126 Debt $42,504 Costs 12,000 Fixed assets 30,178 Equity 30,800 Taxable $ 8,000 Total $ 73,304 Total $ 73,304 income Taxes (22%) 1,760 Net income $6,240 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 38 percent dividend payout ratio. What is the sustainable growth rate?
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