Business, 20.09.2020 14:01 bry662

The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales$14,500 Current assets$12,000 Debt$16,500 Costs 8,400 Fixed assets 29,000 Equity 24,500 Taxable income$6,100 Total$41,000 Total$41,000 Taxes (40%) 2,440 Net income$3,660 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 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 %

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The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet...

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