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The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet Sales $ 1 6 , 4 0 0 Current assets

The most recent financial statements for Mandy Company are shown here:
Income Statement Balance Sheet
Sales $ 16,400 Current assets $ 11,200 Debt $ 13,600
Costs 11,200 Fixed assets 24,300 Equity 21,900
Taxable income $ 5,200 Total $ 35,500 Total $ 35,500
Tax (21%)1,092
Net Income $ 4,108
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external financing is possible. What is the sustainable growth rate?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.

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