Question: QUESTION 22 5 points (Extra Credit) Sie w Given the financial statements below for Dragonfly Enterprises, what would be the sustainable growth rate (SCR) if

 QUESTION 22 5 points (Extra Credit) Sie w Given the financialstatements below for Dragonfly Enterprises, what would be the sustainable growth rate

QUESTION 22 5 points (Extra Credit) Sie w Given the financial statements below for Dragonfly Enterprises, what would be the sustainable growth rate (SCR) if the company decided to change the cividend payout rate to 43%? Enter your answer as the nearest torth of a percent (c.9., 12.3), but do not include the sign. Dragonfly Enterprises Tocome Statement (S Million) 2011 Sales Cost of Goods Sold Selling, Cieneral, & Admin Exp. Depreciation Earnings Refore Interest & Taxes Interest Expense Taxable income Taxes at 40% Net Income 370 226 62 20 62 12 SO 20 30 2010 10 46 2011 10 Balance Sheets as of 12-31 Assets Casli Account Receivable Inventory Total Curreot Assets Net l'ixed Assets Total Assets 50 45 43 99 166 265 105 195 300 2011 Liabilities and Owners Equity Accounts Payable Notes Payable 2010 26 0 30 0

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