What is the sustainable growth rate

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Question: The most recent financial statements for Shinoda Manufacturing Co. are shown below: Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external financing is possible.

What is the sustainable growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM132070889

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