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Major Manuscripts, Inc. 2012 Income Statement Net sales Cost of goods sold Depreciation Earnings before...

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Major Manuscripts, Inc. 2012 Income Statement Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable Income Taxes Net income 8,900 7,315 330 1,255 20 1,235 435 800 240 Dividends ajor Manuscripts, Inc. 012 Balance Sheet 2012 2012 Cash Accounts rec. Inventory Total Net fixed assets Total assets $2,280 990 3,800 $7070 3,780 $10,850 Accounts payable Long-term debt Common stock Retained earnings $1130 390 $4,000 5,330 Total liabilities & equity10,850 If Major Manuscripts, Inc., decides to maintain a constant debt-equity ratio, what rate of growth can it maintain assuming that no additional external equity financing is available? 5.44 percent O 9.86 percent 11.74 percent 39 percent O 5.66 percent 6

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