You’ve collected the following information about Erna, Inc.: Sales = $ 290,000 Net income = $ 17,900 Dividends = $ 6,700 Total debt = $ 62,000 Total equity = $ 93,000 What is the sustainable growth...

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You’ve collected the following information about Erna, Inc.:
Sales = $ 290,000
Net income = $ 17,900
Dividends = $ 6,700
Total debt = $ 62,000
Total equity = $ 93,000
What is the sustainable growth rate for the company? (Donot round intermediate calculations and enter your answer as apercent rounded to 2 decimal places, e.g., 32.16.)

Sustainable growth rate            %

Assuming it grows at this rate, how much new borrowing will takeplace in the coming year, assuming a constant debt–equity ratio?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.)

Additional borrowing           $

What growth rate could be supported with no outside financing atall? (Do not round intermediate calculations and enter youranswer as a percent rounded to 2 decimal places, e.g.,32.16.)

Growth rate            %
rev: 04_01_2017_QC_CS-84716

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You’ve collected the following information about Erna, Inc.:Sales=$290,000Net income=$17,900Dividends=$6,700Total debt=$62,000Total equity=$93,000What is the sustainable growth rate for the company? (Donot round intermediate calculations and enter your answer as apercent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate % Assuming it grows at this rate, how much new borrowing will takeplace in the coming year, assuming a constant debt–equity ratio?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.) Additional borrowing $ What growth rate could be supported with no outside financing atall? (Do not round intermediate calculations and enter youranswer as a percent rounded to 2 decimal places, e.g.,32.16.) Growth rate %rev: 04_01_2017_QC_CS-84716


Sales	=	$	290,000
Net income	=	$	17,900
Dividends	=	$	6,700
Total debt	=	$	62,000
Total equity	=	$	93,000