Assets and costs are proportional to sales debt and equity, Financial Management

Assets and costs are proportional to sales debt and equity

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 %)?

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Financial Management: Assets and costs are proportional to sales debt and equity

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Financial Management: Assets and costs are proportional to sales debt and equity

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