What is the sustainable growth rate for 2015? Narrow Falls Lumber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends Cash Accounts receivable Inventory Net fixed assets Total assets Select one: a. 10.91% b. 14.46% c. 15.54% d. 12.63% e. 13.97% $28,200 2015 $32,300 74,700 99,500 $848,600 542,800 147.400 $158,400 12,600 $145,800 Narrow Falls Lumber Balance Sheets as of December 31, 2014 and 2015 707, 100 51,800 $ 94,000 2014 $ 26,900 72,300 97,800 705,000 $913.600 $902.000 Accounts payable Notes payable Long-term debt Common stock and paid-in surplus ($1 par value) Retained eamings Total labies & owners' equity 2015 2014 $ 78,900 $ 79,200 50,000 296,600 40,000 354,500 170,000 175,000 319.100 253,300 $913.600 $902.000
What is the sustainable growth rate for 2015? Narrow Falls Lumber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends Cash Accounts receivable Inventory Net fixed assets Total assets Select one: a. 10.91% b. 14.46% c. 15.54% d. 12.63% e. 13.97% $28,200 2015 $32,300 74,700 99,500 $848,600 542,800 147.400 $158,400 12,600 $145,800 Narrow Falls Lumber Balance Sheets as of December 31, 2014 and 2015 707, 100 51,800 $ 94,000 2014 $ 26,900 72,300 97,800 705,000 $913.600 $902.000 Accounts payable Notes payable Long-term debt Common stock and paid-in surplus ($1 par value) Retained eamings Total labies & owners' equity 2015 2014 $ 78,900 $ 79,200 50,000 296,600 40,000 354,500 170,000 175,000 319.100 253,300 $913.600 $902.000
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
Problem 1PS
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Transcribed Image Text:What is the sustainable growth rate for 2015?
Narrow Falls Lumber
2015 Income Statement
Net sales
Cost of goods sold
Depreciation
EBIT
Interest
Taxable income
Taxes
Net income
Dividends
Cash
Accounts receivable
Inventory
Net fixed assets
Total assets
Select one:
a. 10.91%
b. 14.46%
c. 15.54%
d. 12.63%
e. 13.97%
$28,200
$848,600
542,800
147,400
$158,400
12,600
$145,800
51,800
$94.000
Narrow Falls Lumber
Balance Sheets as of December 31, 2014 and 2015
2015 2014
$ 32,300 $ 26,900
74,700 72,300
99,500 97,800
707,100 705,000
$913.600 $902,000
Accounts payable
Notes payable
Long-term debt
Common stock
and paid-in surplus
($1 par value)
Retained earnings
Total liabilities &
owners' equity
2015
2014
$ 78,900 $ 79,200
40,000
354,500
50,000
295,600
170,000
175,000
319.100 253,300
$913.600 $902,000
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