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Business, 23.09.2019 15:30 Knownothing

The most recent financial statements for schenkel co. are shown here: income statement balance sheet sales $ 18,000 current assets $ 11,900 debt $ 16,400 costs 12,100 fixed assets 28,750 equity 24,250 taxable income $ 5,900 total $ 40,650 total $ 40,650 taxes (40%) 2,360 net income $ 3,540 assets and costs are proportional to sales. debt and equity are not. the company maintains a constant 40 percent dividend payout ratio. no external equity financing is possible. what is the sustainable growth rate? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) sustainable growth rate %

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