Problem: Use the information attached to calculate the actual and sustainable growth rate for each year.
Chapter: Eight Ball Sporting Goods
Use the information below from Eight Ball's annual financial statements to calculate the actual and sustainable growth rate for each year.
| Eight Ball Sporting Goods ($ in thousands) |
| |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
| Sales |
960.70 |
1,186.46 |
1,436.56 |
1,695.93 |
2,058.89 |
2,234.19 |
| Net income |
- |
96.34 |
56.08 |
82.42 |
98.52 |
61.15 |
| Total assets |
- |
1,116.76 |
1,342.92 |
1,376.48 |
1,592.17 |
2,256.59 |
| Equity |
736.77 |
857.74 |
903.17 |
959.52 |
1,055.14 |
1,112.86 |
| Dividends |
- |
- |
- |
1.82 |
3.97 |
4.71 |