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You've collected the following financial information for Manildi Inc. for last year: Line item Amount Sales $400,000 Net income $15,000 Dividends $7,700 Total asset turnover
You've collected the following financial information for Manildi Inc. for last year:
| Line item | Amount |
| Sales | $400,000 |
| Net income | $15,000 |
| Dividends | $7,700 |
| Total asset turnover | 0.6 |
| Debt-equity ratio | 0.8 |
Note: Balance sheet items were measured at the beginning of the year.
Attempt 1/10 for 10 pts.
Part 1
What is the sustainable growth rate?
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