Here are the abbreviated financial statements for Planner’s Peanuts: INCOME STATEMENT, 2019 Sales $ 8,600 Cost 7,100 Net income $ 1,500 BALANCE SHEET, YEAR-END 2018 2019 2018 2019 Assets $ 6,500 $ 7,000 Debt $ 853 $ 1,000 Equity 5,647 6,000 Total $ 6,500 $ 7,000 Total $ 6,500 $ 7,000 Assume the payout ratio is 50%. Calculate the internal growth rate where no external debt or equity is to be issued. Note: Do not round intermediate calculations. Enter your answer as a whole percent. Calculate the sustainable growth rate where the firm maintains a fixed debt ratio but issues no equity. Note: Do not round intermediate calculations. Enter your answer as a whole percent.

Here are the abbreviated financial statements for Planner’s Peanuts: INCOME STATEMENT, 2019 Sales $ 8,600 Cost 7,100 Net income $ 1,500 BALANCE SHEET, YEAR-END 2018 2019 2018 2019 Assets $ 6,500 $ 7,000 Debt $ 853 $ 1,000 Equity 5,647 6,000 Total $ 6,500 $ 7,000 Total $ 6,500 $ 7,000 Assume the payout ratio is 50%. Calculate the internal growth rate where no external debt or equity is to be issued. Note: Do not round intermediate calculations. Enter your answer as a whole percent. Calculate the sustainable growth rate where the firm maintains a fixed debt ratio but issues no equity. Note: Do not round intermediate calculations. Enter your answer as a whole percent.

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Description: Here are the abbreviated financial statements for Planner’s Peanuts:INCOME STATEMENT, 2019Sales$ 8,600Cost7,100Net income$ 1,500BALANCE SHEET, YEAR-END 20182019 20182019Assets$ 6,500$ 7,000Debt$ 853$ 1,000 Equity5,6476,000Total$ 6,500$ 7,000Total$

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...

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INCOME STATEMENT, 2019
Sales	$ 8,600
Cost	7,100
Net income	$ 1,500

BALANCE SHEET, YEAR-END
	2018	2019		2018	2019
Assets	$ 6,500	$ 7,000	Debt	$ 853	$ 1,000
			Equity	5,647	6,000
Total	$ 6,500	$ 7,000	Total	$ 6,500	$ 7,000

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