Question
The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ Current Sales Debt 16,400 assets 14,000 10,600 Fixed
The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ Current Sales Debt 16,400 assets 14,000 10,600 Fixed Costs 10,200 20,300 Equity 23,700 assets Net $ Total income 6,200 34,300 Total 34,300 Assets and costs are proportional to sales. Debt and equity are not. The company just paid a dividend of $1240. What is the sustainable growth rate?
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
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