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The most recent financial statements for Mandy Company are shown here: Income Statement Sales $ 20.100 Costs 13,800 Current assets Fixed assets Balance Sheet $
The most recent financial statements for Mandy Company are shown here: Income Statement Sales $ 20.100 Costs 13,800 Current assets Fixed assets Balance Sheet $ 11,940 Debt 31,500 Equity $ 16,420 27,020 Taxable income $ 6,300 Total $ 43,440 Total $ 43,440 Taxes (21%) 1.323 Net income $ 4,977 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %
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