Question: 2 Tournment Sporting Goods a. Use the information below from Tournment Sporting Goods's annual financial statements to calculate the actual and sustainable growth rate for

2 Tournment Sporting Goods 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 2008 3 2011. b. Do you think Tournment Sporting Goods is having a problem financing its growth? Is 4 the increase in dividends a good idea for company? Tournment Sporting Goods (S in thousands) 2006 2007 2008 2009 2010 2011 477.84 49162 706.52 792.01 876.52 1,088.46 44.84 25.76 9 Sales 10 Net income 11 Total assets 12 Equity 13 Dividends 43.27 26.31 38.48 477.06 648.42 664.26 697.16 982.63 346.32 426.01 465.85 432.91 553.27 0.80 1.65 2.22 15 16 17 18 19 20

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