What is the sustainable growth rate

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Reference no: EM131912828

The most recent financial statements for Live Co. are shown here:

Income Statement
Sales	$19689
Costs	$10586
Taxable Income	?
Taxes (40%)	?
Net Income	?

Balance Sheet
Current Asset	$11041	Debt	$16438
Fixed Asset	$29973	Equity	?

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 19 percent dividend payout ratio. No external financing is possible.

What is the sustainable growth rate (in %)?

Reference no: EM131912828

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