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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet $40,379 29,260 $69,639 $19,000 Current assets$40,970 Debt Sales Costs Taxable
The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet $40,379 29,260 $69,639 $19,000 Current assets$40,970 Debt Sales Costs Taxable income Taxes (33%) 11,400 Fixed assets $7,600 Total 2,508 28,669 Equity $69,639 Total Net income $5,092 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 38 percent dividend payout ratio. No external equity financing is possible Required: What is the sustainable growth rate? (Do not round your intermediate calculations.) o 12.09 % 0 12.59% 4.75 % 0 708 % O 11.59%
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