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34-1) Suppose a firm has a net income of $50, dividends of $15, assets of $1,200 and a debt-equity ratio of 3.0. What is the
34-1) Suppose a firm has a net income of $50, dividends of $15, assets of $1,200 and a debt-equity ratio of 3.0. What is the sustainable growth rate? (Shown works)
34-2) If net income = $46,750, depreciation expense = $ 20,000, interest expense= $10,000, and the tax rate = 15%, what is the operating cash flow? (Shown works)
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