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27. Determine a venture's sustainable growth rate based on the following information: sales = $1,000,000; net income $150,000; common equity at the end of
27. Determine a venture's sustainable growth rate based on the following information: sales = $1,000,000; net income $150,000; common equity at the end of last year = $520,000; and the dividend payout percentage = 20%. a. 10% b. 16% c. 20% d. 24% e. 30%
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
