Question
The most recent financial statements for Shinoda Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $ 64,400 Current assets $ 29,000 Debt $
The most recent financial statements for Shinoda Manufacturing Co. are shown below:
| Income Statement | Balance Sheet | |||||||||
| Sales | $ | 64,400 | Current assets | $ | 29,000 | Debt | $ | 45,200 | ||
| Costs | 44,580 | Fixed assets | 81,900 | Equity | 65,700 | |||||
| Taxable income | $ | 19,820 | Total | $ | 110,900 | Total | $ | 110,900 | ||
| Tax (35%) | 6,937 | |||||||||
| Net Income | $ | 12,883 | ||||||||
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 sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate
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Credit Spreads Beginners Guide To Low Risk Secure Easy To Manage Consistent Profits For Long Term Wealth Creation
Authors: Casey Boon
1st Edition
1974677419, 978-1974677412
