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The most recent financial statements for Mandy Company are shown below: Income Statement Balance Sheet Sales $ 9 5 , 4 0 0 Current assets

The most recent financial statements for Mandy Company are shown below:
Income Statement Balance Sheet
Sales $ 95,400 Current assets $ 35,500 Debt $ 46,200
Costs 68,250 Fixed assets 95,300 Equity 84,600
Taxable income $ 27,150 Total $ 130,800 Total $ 130,800
Tax (23%)6,245
Net Income $ 20,905
Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate assuming no external equity and it maintains a total debt ratio?
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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