The Expo Company has the most recent financial statements as follows. The current liabilities are...
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Finance
The Expo Company has the most recent financial statements as follows. The current liabilities are consisted solely of accounts payables. The company maintains a constant dividend payout ratio. The projected sales growth over the next year is 10%. If the Expo Company does not want to incur any additional external financing what is the maximum rate of growth the firm could achieve? Income Statement Assets Sales 4,200.0 3,800.0 400.0 Current Assets Net fixed assets Costs Taxable income Balance Sheet Liabilities and Owners' Equity 900.0 Current Liabilities 500.0 2,100.0 Long-term debe 1.800.0 Owners' equity 700.0 Total liabilities and owners' 3,000,0 3,000.0 Total Assets equity Taxes (34%) Net Income 136,0 264,0 132.0 Dividends Addition to retained earnings 132.0 4.60 percent 6.24 percent 13.67 percent 17.58 percent 23.24 percent
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