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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 $ Current assets $ Debt $
Costs Fixed assets Equity
Taxable income $ Total $ Total $
Tax
Net Income $
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 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 decimal places, eg
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