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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $97,200 Current 48,000 $ 37,000 Debt $ 'assets

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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $97,200 Current 48,000 $ 37,000 Debt $ 'assets Costs 69,150 Fixed assets 85,200 96,200 Equity Total Taxable income $28,050 $133,200 Total 133,200 Tax (21%) 5,891 Net Income $ 22,160 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. No external equity financing is possible. What is the ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. ROE 22.00 X % What is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) & Answer is complete but not entirely correct. Sustainable growth rate 10.07 X %

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