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

The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 19,600 Current assets $ 11,840 Debt $ 16,120 Costs 13,400 Fixed assets 29,250 Equity 24,970 Taxable income $ 6,200 Total $ 41,090 Total $ 41,090 Taxes (24%) 1,488 Net income $ 4,712 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. 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.)

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orchestra answered 1 year ago
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