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The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet Sales $ 1 9 , 4 0 0 Current assets

The most recent financial statements for Mandy Company are shown here:
Income Statement Balance Sheet
Sales $ 19,400 Current assets $ 11,800 Debt $ 16,000
Costs 13,200 Fixed assets 28,350 Equity 24,150
Taxable income $ 6,200 Total $ 40,150 Total $ 40,150
Taxes (22%)1,364
Net income $ 4,836
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 55 percent dividend payout ratio. What is the sustainable growth rate?

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