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YOUR TURN! 3.5 The following data was taken from the financial records of the Whitney Lumber Company: 2013 2014 2015 2016 $1,500 135 $1,967 192

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YOUR TURN! 3.5 The following data was taken from the financial records of the Whitney Lumber Company: 2013 2014 2015 2016 $1,500 135 $1,967 192 G Sales revenue...... Net income. . . . . . . . . . . Total assets. . . . . . . . . . . . Stockholders' equity..... Dividends ................... $1,725 154 1,430 931 1,300 1,645 $2,261 217 1,727 1,290 27 800 20 23 1,100 23 Required: 1. Compute the growth in sales revenue each year from 2013 through 2016. 2. How does this growth rate correspond to Whitney's sustainable growth rate for the same period? The solution is on page 107

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