Find below the Company's financial statements for year 2525. Balance Sheet, 12/31/2525 Income, 1/1 -...
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Find below the Company's financial statements for year 2525. Balance Sheet, 12/31/2525 Income, 1/1 - 12/31/2525 $5,100 Current assets $7.700 Debt Sales $128,400 $27.000 PP&E $24.400 Stockholders' equity total costs $123.200 $32, 100 Total assets $32,100 net income $5,200 dividends $1.770 new retained eamings $3,430 The price-to-earnings ratio, 15.0 at year-end 2525, is expected to equal 19.5 at year- end 2526. The number of shares outstanding is 12200. The firm seeks maximum growth by relying on internal and external financing such that the debt-to-equity ratio remains constant. Find the sales growth rate. 16.4% 12.3% 11.2% 14.9% 13.5%
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