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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $ 14,100 Current assets $ 10,800 Debt $ 15,300
The most recent financial statements for Live Co. are shown here: |
Income Statement | Balance Sheet | ||||||||||
Sales | $ | 14,100 | Current assets | $ | 10,800 | Debt | $ | 15,300 | |||
Costs | 8,300 | Fixed assets | 26,000 | Equity | 21,500 | ||||||
Taxable income | $ | 5,800 | Total | $ | 36,800 | Total | $ | 36,800 | |||
Taxes (40%) | 2,320 | ||||||||||
Net income | $ | 3,480 | |||||||||
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. |
What is the sustainable growth rate? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Sustainable growth rate | % |
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