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Assume the Crash Davis Driving School has a 16.1 percent ROE and a 60 percent payout ratio. Required: What is the sustainable growth rate? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) Sustainable growth rate %

Next: Bethesda Mining Company reports the following balance sheet information for 2009 and 2010. Required: Prepare the 2009 and 2010 common-size balance sheets for Bethesda Mining. (Do not include the percent signs (%). Round your answers to 2 decimal places (e.g., 32.16).) BETHESDA MINING COMPANY Balance Sheets as of December 31, 2009 and 2010 2009 2010 2009 2010 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 40,010 % $ 51,181 % Accounts payable $ 191,922 % $ 199,611 % Accounts receivable 60,281 % 80,639 % Notes payable 87,020 % 138,588 % Inventory 128,441 % 194,689 % Total $ 278,942 % $ 338,199 % Total $ 228,732 % $ 326,509 % Long-term debt 241,000 % 177,750 % Owners’ equity Common stock and paid-in surplus $ 214,000 % $ 214,000 % Accumulated retained earnings 152,537 % 186,038 % Fixed assets Net plant and equipment $ 657,747 % $ 589,478 % Total $ 366,537 % $ 400,038 % Total assets $ 886,479 % $ 915,987 % Total liabilities and owners’ equity $ 886,479 % $ 915,987 %
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Assume the Crash Davis Driving School has a 16.1 percent ROE and a 60 percent payout ratio.  
Required:
What is the sustainable growth rate? (Do not include the percent sign (%).Round your answer to 2 decimal places (e.g., 32.16).)
 
  Sustainable growth rate %  
 

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