SlideShare a Scribd company logo
The most recent financial statements for Minnie's Manufacturing Co. are shown below: Assets
and costs are proportional to sales. Debt and equity are not. The company maintains a constant
35 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.)

More Related Content

More from NeilAc9Petersz

The multiplier 15) If the consumption function is C-$800 billion +0-8Y.docx
The multiplier 15) If the consumption function is C-$800 billion +0-8Y.docxThe multiplier 15) If the consumption function is C-$800 billion +0-8Y.docx
The multiplier 15) If the consumption function is C-$800 billion +0-8Y.docxNeilAc9Petersz
 
The mean and standard deviation of a t-distribution are Select an answ.docx
The mean and standard deviation of a t-distribution are Select an answ.docxThe mean and standard deviation of a t-distribution are Select an answ.docx
The mean and standard deviation of a t-distribution are Select an answ.docxNeilAc9Petersz
 
The major components in an agreement DOES NOT include- Termination cla.docx
The major components in an agreement DOES NOT include- Termination cla.docxThe major components in an agreement DOES NOT include- Termination cla.docx
The major components in an agreement DOES NOT include- Termination cla.docxNeilAc9Petersz
 
The major mechanism of CO2 transport in the blood is by bound to CO2 b.docx
The major mechanism of CO2 transport in the blood is by bound to CO2 b.docxThe major mechanism of CO2 transport in the blood is by bound to CO2 b.docx
The major mechanism of CO2 transport in the blood is by bound to CO2 b.docxNeilAc9Petersz
 
The RT is assisting in a longer than typical bronchoscopy due to a few.docx
The RT is assisting in a longer than typical bronchoscopy due to a few.docxThe RT is assisting in a longer than typical bronchoscopy due to a few.docx
The RT is assisting in a longer than typical bronchoscopy due to a few.docxNeilAc9Petersz
 
The risks of extinction are greater in small- isolated populations of (1).docx
The risks of extinction are greater in small- isolated populations of (1).docxThe risks of extinction are greater in small- isolated populations of (1).docx
The risks of extinction are greater in small- isolated populations of (1).docxNeilAc9Petersz
 
The role of the auditor in the American economy has changed over the y.docx
The role of the auditor in the American economy has changed over the y.docxThe role of the auditor in the American economy has changed over the y.docx
The role of the auditor in the American economy has changed over the y.docxNeilAc9Petersz
 
The Redmond association held its annual public relations luncheon in A.docx
The Redmond association held its annual public relations luncheon in A.docxThe Redmond association held its annual public relations luncheon in A.docx
The Redmond association held its annual public relations luncheon in A.docxNeilAc9Petersz
 
The random variable x has the following discrete probability distribut (1).docx
The random variable x has the following discrete probability distribut (1).docxThe random variable x has the following discrete probability distribut (1).docx
The random variable x has the following discrete probability distribut (1).docxNeilAc9Petersz
 
The Province of BC has the right to extinguish the rights of First Nat.docx
The Province of BC has the right to extinguish the rights of First Nat.docxThe Province of BC has the right to extinguish the rights of First Nat.docx
The Province of BC has the right to extinguish the rights of First Nat.docxNeilAc9Petersz
 
THE PROBLEM This pedigree shows the inheritance of a recessive trait i.docx
THE PROBLEM This pedigree shows the inheritance of a recessive trait i.docxTHE PROBLEM This pedigree shows the inheritance of a recessive trait i.docx
THE PROBLEM This pedigree shows the inheritance of a recessive trait i.docxNeilAc9Petersz
 
The product P2 can be converted either to product - Z - or product - R.docx
The product P2 can be converted either to product - Z - or product - R.docxThe product P2 can be converted either to product - Z - or product - R.docx
The product P2 can be converted either to product - Z - or product - R.docxNeilAc9Petersz
 
The process of evolution occurred to drive the bonobos to cooperate wi.docx
The process of evolution occurred to drive the bonobos to cooperate wi.docxThe process of evolution occurred to drive the bonobos to cooperate wi.docx
The process of evolution occurred to drive the bonobos to cooperate wi.docxNeilAc9Petersz
 
The probability that a patient recovers from a rare blood disease is 0.docx
The probability that a patient recovers from a rare blood disease is 0.docxThe probability that a patient recovers from a rare blood disease is 0.docx
The probability that a patient recovers from a rare blood disease is 0.docxNeilAc9Petersz
 
The price elasticity of demand measures how much Quantity demanded cha.docx
The price elasticity of demand measures how much Quantity demanded cha.docxThe price elasticity of demand measures how much Quantity demanded cha.docx
The price elasticity of demand measures how much Quantity demanded cha.docxNeilAc9Petersz
 
The power set of A is denoted by P(A) What is the size of the followin.docx
The power set of A is denoted by P(A) What is the size of the followin.docxThe power set of A is denoted by P(A) What is the size of the followin.docx
The power set of A is denoted by P(A) What is the size of the followin.docxNeilAc9Petersz
 
The post-trust era is a period of time Multiple Choice when people hav.docx
The post-trust era is a period of time Multiple Choice when people hav.docxThe post-trust era is a period of time Multiple Choice when people hav.docx
The post-trust era is a period of time Multiple Choice when people hav.docxNeilAc9Petersz
 
The Porifera are not considered to display tissue-level organization-.docx
The Porifera are not considered to display tissue-level organization-.docxThe Porifera are not considered to display tissue-level organization-.docx
The Porifera are not considered to display tissue-level organization-.docxNeilAc9Petersz
 
The life (in months) of a certain computer component has a CDF given b.docx
The life (in months) of a certain computer component has a CDF given b.docxThe life (in months) of a certain computer component has a CDF given b.docx
The life (in months) of a certain computer component has a CDF given b.docxNeilAc9Petersz
 
The phenomenon known as precession is due to a regular- periodic varia.docx
The phenomenon known as precession is due to a regular- periodic varia.docxThe phenomenon known as precession is due to a regular- periodic varia.docx
The phenomenon known as precession is due to a regular- periodic varia.docxNeilAc9Petersz
 

More from NeilAc9Petersz (20)

The multiplier 15) If the consumption function is C-$800 billion +0-8Y.docx
The multiplier 15) If the consumption function is C-$800 billion +0-8Y.docxThe multiplier 15) If the consumption function is C-$800 billion +0-8Y.docx
The multiplier 15) If the consumption function is C-$800 billion +0-8Y.docx
 
The mean and standard deviation of a t-distribution are Select an answ.docx
The mean and standard deviation of a t-distribution are Select an answ.docxThe mean and standard deviation of a t-distribution are Select an answ.docx
The mean and standard deviation of a t-distribution are Select an answ.docx
 
The major components in an agreement DOES NOT include- Termination cla.docx
The major components in an agreement DOES NOT include- Termination cla.docxThe major components in an agreement DOES NOT include- Termination cla.docx
The major components in an agreement DOES NOT include- Termination cla.docx
 
The major mechanism of CO2 transport in the blood is by bound to CO2 b.docx
The major mechanism of CO2 transport in the blood is by bound to CO2 b.docxThe major mechanism of CO2 transport in the blood is by bound to CO2 b.docx
The major mechanism of CO2 transport in the blood is by bound to CO2 b.docx
 
The RT is assisting in a longer than typical bronchoscopy due to a few.docx
The RT is assisting in a longer than typical bronchoscopy due to a few.docxThe RT is assisting in a longer than typical bronchoscopy due to a few.docx
The RT is assisting in a longer than typical bronchoscopy due to a few.docx
 
The risks of extinction are greater in small- isolated populations of (1).docx
The risks of extinction are greater in small- isolated populations of (1).docxThe risks of extinction are greater in small- isolated populations of (1).docx
The risks of extinction are greater in small- isolated populations of (1).docx
 
The role of the auditor in the American economy has changed over the y.docx
The role of the auditor in the American economy has changed over the y.docxThe role of the auditor in the American economy has changed over the y.docx
The role of the auditor in the American economy has changed over the y.docx
 
The Redmond association held its annual public relations luncheon in A.docx
The Redmond association held its annual public relations luncheon in A.docxThe Redmond association held its annual public relations luncheon in A.docx
The Redmond association held its annual public relations luncheon in A.docx
 
The random variable x has the following discrete probability distribut (1).docx
The random variable x has the following discrete probability distribut (1).docxThe random variable x has the following discrete probability distribut (1).docx
The random variable x has the following discrete probability distribut (1).docx
 
The Province of BC has the right to extinguish the rights of First Nat.docx
The Province of BC has the right to extinguish the rights of First Nat.docxThe Province of BC has the right to extinguish the rights of First Nat.docx
The Province of BC has the right to extinguish the rights of First Nat.docx
 
THE PROBLEM This pedigree shows the inheritance of a recessive trait i.docx
THE PROBLEM This pedigree shows the inheritance of a recessive trait i.docxTHE PROBLEM This pedigree shows the inheritance of a recessive trait i.docx
THE PROBLEM This pedigree shows the inheritance of a recessive trait i.docx
 
The product P2 can be converted either to product - Z - or product - R.docx
The product P2 can be converted either to product - Z - or product - R.docxThe product P2 can be converted either to product - Z - or product - R.docx
The product P2 can be converted either to product - Z - or product - R.docx
 
The process of evolution occurred to drive the bonobos to cooperate wi.docx
The process of evolution occurred to drive the bonobos to cooperate wi.docxThe process of evolution occurred to drive the bonobos to cooperate wi.docx
The process of evolution occurred to drive the bonobos to cooperate wi.docx
 
The probability that a patient recovers from a rare blood disease is 0.docx
The probability that a patient recovers from a rare blood disease is 0.docxThe probability that a patient recovers from a rare blood disease is 0.docx
The probability that a patient recovers from a rare blood disease is 0.docx
 
The price elasticity of demand measures how much Quantity demanded cha.docx
The price elasticity of demand measures how much Quantity demanded cha.docxThe price elasticity of demand measures how much Quantity demanded cha.docx
The price elasticity of demand measures how much Quantity demanded cha.docx
 
The power set of A is denoted by P(A) What is the size of the followin.docx
The power set of A is denoted by P(A) What is the size of the followin.docxThe power set of A is denoted by P(A) What is the size of the followin.docx
The power set of A is denoted by P(A) What is the size of the followin.docx
 
The post-trust era is a period of time Multiple Choice when people hav.docx
The post-trust era is a period of time Multiple Choice when people hav.docxThe post-trust era is a period of time Multiple Choice when people hav.docx
The post-trust era is a period of time Multiple Choice when people hav.docx
 
The Porifera are not considered to display tissue-level organization-.docx
The Porifera are not considered to display tissue-level organization-.docxThe Porifera are not considered to display tissue-level organization-.docx
The Porifera are not considered to display tissue-level organization-.docx
 
The life (in months) of a certain computer component has a CDF given b.docx
The life (in months) of a certain computer component has a CDF given b.docxThe life (in months) of a certain computer component has a CDF given b.docx
The life (in months) of a certain computer component has a CDF given b.docx
 
The phenomenon known as precession is due to a regular- periodic varia.docx
The phenomenon known as precession is due to a regular- periodic varia.docxThe phenomenon known as precession is due to a regular- periodic varia.docx
The phenomenon known as precession is due to a regular- periodic varia.docx
 

Recently uploaded

Accounting and finance exit exam 2016 E.C.pdf
Accounting and finance exit exam 2016 E.C.pdfAccounting and finance exit exam 2016 E.C.pdf
Accounting and finance exit exam 2016 E.C.pdfYibeltalNibretu
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismDeeptiGupta154
 
Sectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfSectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfVivekanand Anglo Vedic Academy
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaasiemaillard
 
Matatag-Curriculum and the 21st Century Skills Presentation.pptx
Matatag-Curriculum and the 21st Century Skills Presentation.pptxMatatag-Curriculum and the 21st Century Skills Presentation.pptx
Matatag-Curriculum and the 21st Century Skills Presentation.pptxJenilouCasareno
 
Salient features of Environment protection Act 1986.pptx
Salient features of Environment protection Act 1986.pptxSalient features of Environment protection Act 1986.pptx
Salient features of Environment protection Act 1986.pptxakshayaramakrishnan21
 
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxInstructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
 
Basic_QTL_Marker-assisted_Selection_Sourabh.ppt
Basic_QTL_Marker-assisted_Selection_Sourabh.pptBasic_QTL_Marker-assisted_Selection_Sourabh.ppt
Basic_QTL_Marker-assisted_Selection_Sourabh.pptSourabh Kumar
 
PART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePedroFerreira53928
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPCeline George
 
Fish and Chips - have they had their chips
Fish and Chips - have they had their chipsFish and Chips - have they had their chips
Fish and Chips - have they had their chipsGeoBlogs
 
plant breeding methods in asexually or clonally propagated crops
plant breeding methods in asexually or clonally propagated cropsplant breeding methods in asexually or clonally propagated crops
plant breeding methods in asexually or clonally propagated cropsparmarsneha2
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXMIRIAMSALINAS13
 
Jose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptx
Jose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptxJose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptx
Jose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptxricssacare
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
 

Recently uploaded (20)

Accounting and finance exit exam 2016 E.C.pdf
Accounting and finance exit exam 2016 E.C.pdfAccounting and finance exit exam 2016 E.C.pdf
Accounting and finance exit exam 2016 E.C.pdf
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
 
Sectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfSectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdf
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
Matatag-Curriculum and the 21st Century Skills Presentation.pptx
Matatag-Curriculum and the 21st Century Skills Presentation.pptxMatatag-Curriculum and the 21st Century Skills Presentation.pptx
Matatag-Curriculum and the 21st Century Skills Presentation.pptx
 
Salient features of Environment protection Act 1986.pptx
Salient features of Environment protection Act 1986.pptxSalient features of Environment protection Act 1986.pptx
Salient features of Environment protection Act 1986.pptx
 
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxInstructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptx
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
 
Basic_QTL_Marker-assisted_Selection_Sourabh.ppt
Basic_QTL_Marker-assisted_Selection_Sourabh.pptBasic_QTL_Marker-assisted_Selection_Sourabh.ppt
Basic_QTL_Marker-assisted_Selection_Sourabh.ppt
 
PART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePART A. Introduction to Costumer Service
PART A. Introduction to Costumer Service
 
B.ed spl. HI pdusu exam paper-2023-24.pdf
B.ed spl. HI pdusu exam paper-2023-24.pdfB.ed spl. HI pdusu exam paper-2023-24.pdf
B.ed spl. HI pdusu exam paper-2023-24.pdf
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
 
Fish and Chips - have they had their chips
Fish and Chips - have they had their chipsFish and Chips - have they had their chips
Fish and Chips - have they had their chips
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
 
plant breeding methods in asexually or clonally propagated crops
plant breeding methods in asexually or clonally propagated cropsplant breeding methods in asexually or clonally propagated crops
plant breeding methods in asexually or clonally propagated crops
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
 
Jose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptx
Jose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptxJose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptx
Jose-Rizal-and-Philippine-Nationalism-National-Symbol-2.pptx
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 

The most recent financial statements for Minnie's Manufacturing Co- ar.docx

  • 1. The most recent financial statements for Minnie's Manufacturing Co. are shown below: Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 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.)