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Thinker, Inc. 2017 Income Statement Net sales $7.500 Less: Cost of goods sold 6.415 Less: Depreciation 200 Earnings before interest and taxes BBS Less: Interest

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Thinker, Inc. 2017 Income Statement Net sales $7.500 Less: Cost of goods sold 6.415 Less: Depreciation 200 Earnings before interest and taxes BBS Less: Interest paid 25 Taxable income 850 Loos: Taxes 300 Net income 5560 Thinker, Inc. 2017 Balance Sheet Cash $1.050 Accounts payable $1,750 Accounts roc 850 Long-term debt 330 Inventory 2.100 Common stock 2,500 Total Current assets $4,000 Retained earnings 1.020 Not faxed assets 1.600 Total assets $5.600 Total liabilities & equity $5.800 (Note: 2017 Dividende - 5252) What rate of growth can Thinker maintain in the long-run (without ever issuing new equity)? Answer based on 2017 data and assume tho 2017 payout ratio and leverage will remain contant (chote closet antwer)

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