Share
Explore BrainMass

Eight Ball Sporting Goods - Growth Rate

A. Use the information attached to calculate the actual and sustainable growth rate for each year.
Chapter 4 Problem 8 -- Eight Ball Sporting Goods
a. 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

Attachments

Solution Preview

a. 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 ...

Solution Summary

This solution is comprised of calculation to calculate the actual and sustainable growth rate for each year.

$2.19