Youve collected the following information about Caccamisse, Inc.: Sales = $255,000 Net income = $19,200 Dividends =
Question:
You’ve collected the following information about Caccamisse, Inc.:
Sales = $255,000
Net income = $19,200
Dividends = $7,500
Total debt = $67,000
Total equity = $77,000
What is the sustainable growth rate for the company? If it does grow at this rate, how much new borrowing will take place in the coming year, assuming a constant debt-equity ratio? What growth rate could be supported with no outside financing at all?
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Requirements Particulars a Sustainable growth rate 1792 b Additional borrowing 1200459 c Internal gr...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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