The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $11,200...

  

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The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $11,200 Debt 24,300 Equity $ 35,500 Total Sales Costs Taxable income Taxes (21%) Net income $16,400 Current assets 11,200 Fixed assets $ 5,200 1,092 $ 4,108 Total $ 13,600 21,900 $35,500 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 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.) The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $11,200 Debt 24,300 Equity $ 35,500 Total Sales Costs Taxable income Taxes (21%) Net income $16,400 Current assets 11,200 Fixed assets $ 5,200 1,092 $ 4,108 Total $ 13,600 21,900 $35,500 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 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.)

Answer rating: 100% (QA)

ROENet incomeequity 410821900 187579909 Appro... View the full answer