Intro Your company's most recent income statement and balance sheet are given below: Income statement...
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Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 13 Costs 10.4 Net Income 2.6 Balance sheet ($ million) Current assets 13.6 Fixed assets 54.4 Total assets 68 Debt 20.4 Equity 47.6 Total 68 Sales, assets and costs are expected to grow by the same rate next year, while company expects to keep its debt-equity ratio constant. The company is expected to pay NO dividends next year. Part 1 IB Attempt 1/10 for 10 pts. What is the particular growth rate for the next year, at which company will need zero external financing (EFN=0)? What is the sustainable growth rate? 14 decimals Submit
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