Question: Chapter 4 Problem 10 -- Tournment Sporting Goods a. Use the information below from Tournment Sporting Goods's annual financial statements to calculate the actual and

Chapter 4 Problem 10 -- 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 - 2011.
b. Do you think Tournment Sporting Goods is having a problem financing its growth? Is the increase in dividends a good idea for company?-Located on Word Document.
Tournment Sporting Goods ($ in thousands)
2006 2007 2008 2009 2010 2011
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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