Calculate an expression for sustainable sales growth rate when leverage is constant as measured by D/E and

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Calculate an expression for sustainable sales growth rate when leverage is constant as measured by D/E and pay-out ratio is p (that is, for each dollar of net profit, p dollars are paid as dividends, with 0 < p < 1).

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Practical Finance For Operations And Supply Chain Management

ISBN: 9780262043595

1st Edition

Authors: Alejandro Serrano, Spyros D. Lekkakos, James B. Rice

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