Question
The most recent financial statements for Live Co. are shown here (Do not include the percent sign (%). Round your answer to 2 decimal places.
The most recent financial statements for Live Co. are shown here (Do not include the percent sign (%). Round your answer to 2 decimal places.
| Income Statement | Balance Sheet | ||||
| Sales | $11,100 | Current assets | $11,798 | Debt | $23,590 |
| Costs | 7,326 | Fixed assets | 28,886 | Equity | 17,094 |
| Taxable income | $3,774 | Total | $40,684 | Total | $40,684 |
| Taxes (33%) | 1,245 | ||||
| Net income | $2,529 | ||||
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 28 percent dividend payout ratio. No external equity financing is possible. The sustainable growth rate is therefore ___ percent.
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Urban Public Finance
Authors: D. Wildasin
1st Edition
0415851882, 978-0415851886
