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You’ve collected the following information about Erna, Inc.: Sales = $ 335,000 Net income = $...

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Finance

You’ve collected the following information about Erna, Inc.:Sales = $ 335,000 Net income = $ 18,800 Dividends = $ 7,600 Totaldebt = $ 71,000 Total equity = $ 102,000 What is the sustainablegrowth rate for the company? (Do not round intermediatecalculations and enter your answer as a percent rounded to 2decimal places, e.g., 32.16.) Sustainable growth rate? % Assumingit grows at this rate, how much new borrowing will take place inthe coming year, assuming a constant debt–equity ratio? (Do notround intermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.) Additional borrowing? What growth rate couldbe supported with no outside financing at all? (Do not roundintermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.) Growth rate? %

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