The most recent financial statements for Mandy Company are shown here: Income Statement Sales Costs...
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The most recent financial statements for Mandy Company are shown here: Income Statement Sales Costs Taxable income Taxes (25%) Net income $19,100 12,960 $ 6,140 Sustainable growth rate 1,535 $4,605 Current assets Fixed assets Total Balance Sheet $11,740 27,000 $38,740 % Debt Equity Total Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 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.) $15,820 22,920 $38,740
The most recent financial statements for Mandy Company are shown here: Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 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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