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The most recent financial statements for Shinoda Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $ 64,100 Current assets $ 27,500 Debt $

The most recent financial statements for Shinoda Manufacturing Co. are shown below:

Income Statement Balance Sheet
Sales $ 64,100 Current assets $ 27,500 Debt $ 43,700
Costs 44,730 Fixed assets 80,400 Equity 64,200
Taxable income $ 19,370 Total $ 107,900 Total $ 107,900
Tax (30%) 5,811
Net Income $ 13,559

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 42 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.) ROE % 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.) Sustainable growth rate %

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