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The most recent financial statements for Live Co. are shown here: Balance Sheet $30,188 Debt $29,753 21,125 Equity 21,560 Income Statement Current Sales $14,000 assets
The most recent financial statements for Live Co. are shown here: Balance Sheet $30,188 Debt $29,753 21,125 Equity 21,560 Income Statement Current Sales $14,000 assets Fixed Costs 8,400 -assets Taxable $5,600 Total income Taxes (34%) 1,904 Net income $3,696 $51,313 Total $51,313 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 36 percent dividend payout ratio. No external equity financing is possible. Required: What is the sustainable growth rate? (Do not round your intermediate calculations.)
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