Question: A Moving to another question will save this response. >> Question 7 10 points Save Answer The most recent financial statements for FIN341 Co. are

 A Moving to another question will save this response. >> Question

A Moving to another question will save this response. >> Question 7 10 points Save Answer The most recent financial statements for FIN341 Co. are shown here: Income Statement Sales Costs $ 22,000 15,000 Balance Sheet Current assets Fixed assets $ 14,000 30,000 Debt Equity $ 18,000 26,000 Taxable income $ 7,000 Total $ 44,000 Total $ 44,000 Taxes (24%) 1.680 Net income $ 5,320 Assets and costs are proportional to sales. Debt and equity are not. The company maintains rounded 2 decimal places, e.g., 32. 16.) constant 55 percent dividend payout ratio. The sustainable growth rate is %. (Do not include percentage sign. Do not round intermediate calculations and enter your answer as a percent

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