a Use the information below from Tournment Sporting Goods 's annual financial statements to calculate the actual and sustainable growth rate for each year from 2010 2014 b Do you think Tournment Sporting Goods is having a problem financing its growth Is the increase in dividends a good idea for the company Tournment Sporting Goods ($ in thousands) 2009 2010 2011 2012 2013 2014 Sales 477 84 491 62 706 52 792 01 876 52 1,088 46 Net income 43 27 26 31 38 48 44 84 25 76 Total assets 477 06 648 42 664 26 697 16 982 63 Equity 346 32 426 01 465 85 432 91 553 27 Dividends 0 80 1 65 2 22

Question: a. Use the information below from Tournment Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2010

a. Use the information below from Tournment Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for each year from 2010 - 2014.
b. Do you think Tournment Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for the company?


Tournment Sporting Goods ($ in thousands)
	2009	2010	2011	2012	2013	2014
Sales	477.84	491.62	706.52	792.01	876.52	1,088.46
Net income	-	43.27	26.31	38.48	44.84	25.76
Total assets	-	477.06	648.42	664.26	697.16	982.63
Equity	-	346.32	426.01	465.85	432.91	553.27
Dividends	-	-	-	0.80	1.65	2.22

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