Business, 15.02.2021 20:10 ochoachanna

The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet
Sales $14,100 Current assets $10,800 Debt $15,300
Costs 8,300 Fixed assets 26,000 Equity 21,500
Taxable income $5,800 Total $36,800 Total $36,800
Taxes (40%) 2,320
Net income $3,480

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external financing is possible.

Required:
What is the sustainable growth rate?

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

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