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The most recent financial statements for Live Co. are shown here: ...

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Question

Finance

The most recent financial statements for Live Co. are shown here:

Income Statement Balance Sheet
Sales $15,000 Current assets $32,345 Debt $31,878
Costs

9,000

Fixed assets 22,633 Equity 23,100
Taxable income $6,000 Total

$54,978

Total

$54,978

Taxes (34%) 2,040
Net income

$3,960

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 38 percent dividend payout ratio. No external equity financing is possible.

Required:

What is the sustainable growth rate? (Do not round your intermediate calculations.)

rev: 09_17_2012

Multiple Choice

  • 11.89 %

  • 4.67 %

  • 11.39 %

  • 12.39 %

  • 6.97 %

Answer & Explanation Solved by verified expert
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