Income Statement Sales Costs Taxable income Tax (22%) Net Income $ 97,800 Current assets 69,450 Fixed assets Total Sustainable growth rate $ 28,350 6,237 $ 22,113 Balance Sheet $ 37,500 Debt 96,500 Equity $ 134,000 Total 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? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. % $ 48,600 85,400 $ 134,000

Income Statement Sales Costs Taxable income Tax (22%) Net Income $ 97,800 Current assets 69,450 Fixed assets Total Sustainable growth rate $ 28,350 6,237 $ 22,113 Balance Sheet $ 37,500 Debt 96,500 Equity $ 134,000 Total 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? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. % $ 48,600 85,400 $ 134,000

Name: Income StatementSalesCostsTaxable incomeTax (22%)Net Income$ 97,800 C
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Description: Income StatementSalesCostsTaxable incomeTax (22%)Net Income$ 97,800 Current assetsFixed assets69,450$ 28,3506,237Total$ 22,113Sustainable growth rateBalance Sheet$ 37,500 Debt96,500 Equity$ 134,000 TotalAssets and costs are proportional to sales. De

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 13P: Payne Products had $1.6 million in sales revenues in the most recent year and expects sales growth...

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