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value 10.00 points The most recent financial statements for Schenkel Co. are shown here: Income Statement Sales $ 16,700 Costs 11,800 Current assets Fixed assets
value 10.00 points The most recent financial statements for Schenkel Co. are shown here: Income Statement Sales $ 16,700 Costs 11,800 Current assets Fixed assets Balance Sheet $12,100 Debt 29,250 Equity $ 16,600 24,750 Taxable income $ 4,900 Total $ 41,350 Total $41,350 Taxes (40%) 1.960 Net income $ 2.940 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 20 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 o Type here to search
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