Question
The most recent financial statements for Live Co. are shown here: Income Statement Sales $18654 Costs $12232 Taxable Income ? Taxes (40%) ? Net Income
The most recent financial statements for Live Co. are shown here:
| Income Statement | |
| Sales | $18654 |
| Costs | $12232 |
| Taxable Income | ? |
| Taxes (40%) | ? |
| Net Income | ? |
| Balance Sheet | |||
| Current Asset | $13712 | Debt | $15705 |
| Fixed Asset | $26407 | Equity | ? |
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 21percent dividend payout ratio. No external financing is possible.
What is the sustainablegrowth rate (in %)?
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Healthcare Finance: An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
6th Edition
1567937411, 978-1567937411
