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Chapter 4 Problem 11 a. Use the information below from Tournament Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2014 to 2017. b. Do you think Tournament Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for the company? TOURNAMENT SPORTING GOODS FINANCIAL DATA ($ thousands) 2013 2014 2015 2016 2017 Sales 491.62 706.52 792.01 876.52 1,088.46 Net income 43.27 26.31 38.48 44.84 25.76 Total assets 477.06 648.42 664.26 697.16 982.63 Equity 346.32 426.01 465.85 432.91 553.27 Dividends 0.00 0.00 0.80 1.65 2.22

Chapter 4 Problem 11 a. Use the information below from Tournament Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2014 to 2017. b. Do you think Tournament Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for the company? TOURNAMENT SPORTING GOODS FINANCIAL DATA ($ thousands) 2013 2014 2015 2016 2017 Sales 491.62 706.52 792.01 876.52 1,088.46 Net income 43.27 26.31 38.48 44.84 25.76 Total assets 477.06 648.42 664.26 697.16 982.63 Equity 346.32 426.01 465.85 432.91 553.27 Dividends 0.00 0.00 0.80 1.65 2.22

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Chapter 4 Problem 11 a. Use the information below from Tournament Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2014 to 2017. b. Do you think Tournament Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for the company? TOURNAMENT SPORTING GOODS FINANCIAL DATA ($ thousands) 2013 2014 2015 2016 2017 Sales 491.62 706.52 792.01 876.52 1,088.46 Net income 43.27 26.31 38.48 44.84 25.76 Total assets 477.06 648.42 664.26 697.16 982.63 Equity 346.32 426.01 465.85 432.91 553.27 Dividends 0.00 0.00 0.80 1.65 2.22

 

 

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