The newspaper reported last week that Jernigan Enterprises earned $31.5 million this year. The report also stated
Question:
The newspaper reported last week that Jernigan Enterprises earned $31.5 million this year. The report also stated that the firm’s return on equity is 13 percent. The firm retains 75 percent of its earnings. What is the firm’s earnings growth rate? What will next year’s earnings be?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 37% (8 reviews)
The growth rate of earnings is the return on equity times the r...View the full answer
Answered By
ZIPPORAH KISIO LUNGI
I have worked on several other sites for more than five years, and I always handle clients work with due diligence and professionalism. Am versed with adequate experience in the fields mentioned above in which have delivered quality papers in research, thesis, essays, blog articles, and so forth.
I have gained extensive experience in assisting students to acquire top grades in biological, business and IT papers. Notwithstanding that, I have 7+ years of experience in corporate world software design and development.
5.00+
194+ Reviews
341+ Question Solved
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
The newspaper reported last week that Bennington Enterprises earned $34 million this year. The report also stated that the firms return on equity is 16 percent. Bennington retains 80 percent of its...
-
The newspaper reported last week that Lowery Enterprises earned $30 million this year. The report also stated that the firms return on equity is 14 percent. Lowery retains 70 percent of its earnings....
-
The newspaper reported last week that Tisch Enterprises earned $38.6 million this year. The report also stated that the firms return on equity is 14 percent. The firm retains 75 percent of its...
-
Under Public Law 480, the United States sells surplus grains to developing countries, which pay in local currencies. Since the United States rarely spends all of these currencies, much of this grain...
-
Explain why each of the following is or is not a valid probability distribution for a discrete random variable x: a. b. c. d. 2 3 3 p(x) .25 .50 .25 3 4 20 .3 p(x) 45 15 3 2 .13
-
Sako Companys Audio Division produces a speaker that is used by manufacturers of various audio products. Sales and cost data on the speaker follow: Sako Company has a Hi-Fi Division that could use...
-
Relevant Ltd. operates under ideal conditions of uncertainty. Its operations are highly dependent on the weather. For any given year, the probabilities are 0.3 that the weather will be bad and 0.7...
-
1. How did Lovin come to recognize the opportunity for his young venture? Of the three types of startups mentioned in Chapter 3, into which does The Kollection fit? What was the source of this...
-
Post the transactions to T-accounts and Prepare a trial balance at August 31, 2020.. Date Account Titles and Explanation Ref. Debit Credit Aug.1 Cash 7,100 Owner's Capital 7,100 (Owner's investmen...
-
Jordan Wing, Inc., a sporting goods retailer, began operations on January 2, 2012. It reported net income of $3,091,660 during 2014. Additional information about transactions occurring in 2014...
-
Ollie, Inc., has an issue of preferred stock outstanding that pays a dividend of $3.50 every year in perpetuity. If this issue currently sells for $96 per share, what is the required return?
-
Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $3.08 next year. The growth rate in dividends for all three companies is 5 percent. The required return for each companys stock...
-
MadHatter manufactures baseball caps. The Accounting Faculty of PSU order 150caps for the Accounting 211 students with ALOE imprinted on them. Mad Hatter has the following set of standards for the...
-
Which of the following procedures is most telling in addressing the existence assertion for accounts payable? a. Test for unrecorded liabilities. b. Confirm balances with creditors. c. Verify the...
-
In a difference estimation sampling plan for a population of 1,500 items, an auditor found total recorded and audited values for a sample of 100 items to be \($120,000\) and \($126,000,\)...
-
Under what conditions might an entity not responsible for dumping toxic waste be held responsible by the U.S. Environmental Protection Agency?
-
Assessing control risk too low relates to: a. The efficiency of the audit. b. The effectiveness of the audit. c. The preliminary estimate of materiality. d. Tolerable error. Choose the best answer.
-
Assume the acceptable risk of incorrect rejection is .10, the acceptable risk of incorrect acceptance is .075, and tolerable error is $100,000. What is the desired allowance for sampling risk? a....
-
Prepare a statement of cash flows using the indirect method. Statement of Cash Flows. Sharp Company Comparative Balance Sheet December 31 _____________________________________2015 _____2014...
-
Write the given system without the use of matrices. D) - ()- d (x sin t + 8 (2+ 1)
-
In a world with no taxes, no transaction costs, and no costs of financial distress, is the following statement true, false, or uncertain? If a firm issues equity to repurchase some of its debt, the...
-
In a world with no taxes, no transaction costs, and no costs of financial distress, is the following statement true, false, or uncertain? Moderate borrowing will not increase the required return on a...
-
In a world with no taxes, no transaction costs, and no costs of financial distress, is the following statement true, false, or uncertain? Moderate borrowing will not increase the required return on a...
-
The plan assets set aside by the employer are a key element in Multiple choice question. a defined benefit pension plan. a defined contribution pension plan
-
P&P Skateboards had net sales of $2,600,000, its cost of goods sold was $1,700,000, and its net income was $800,000. Its gross margin ratio equals: OOOOO 20 47%. 35%. 31%. 65%. 153%.
-
Federal grantees that accept funds are restricted from using those funds for lobbying and legislative liaison activity. Group of answer choices True False
Study smarter with the SolutionInn App