Question: a. Use the information below from Tournament Sporting Goods annual financial statements to calculate the actual and sustainable growth rate for each year. b. Do

a. Use the information below from Tournament Sporting Goods annual financial statements to calculate the actual and sustainable growth rate for each year.

b. Do you think Tournament Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for the company?

Tournment Sporting Goods (S in thousands) 2003 2004 2005 0020072008 2006 Sales 477.84 491.62 706.52 792.01 876.52 1,088.46 38.4844.8425.76 77.06 648.42 664.26 697.16 982.63 346.32 426.0 465.85 43291553.27 2.22 Net income 43.2726.31 Total assets Equity Dividends 0.80 1.65

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