Centennial Beverages currently has sales of $1,415,326, net income of $411,253, a debt ratio of 25 percent,

Question:

Centennial Beverages currently has sales of $1,415,326, net income of $411,253, a debt ratio of 25 percent, and a dividend payout ratio of 70 percent. The company also has total assets of $1,850,325. What is its sustainable growth rate?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...