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A company has the following items for the fiscal year 2020: Revenue = 10 million Net income = 2 million Total dividends = 0.8 million
- A company has the following items for the fiscal year 2020:
- Revenue = 10 million
- Net income = 2 million
- Total dividends = 0.8 million
- Total Equity = 15 million
- Total Assets = 30 million
Calculate the companys ROE, retention ratio, and sustainable growth rate (You need to show (1) the formula and (2) your calculation process.)
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