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A firm has net income of $200,000 on sales of $2,000,000. Its assets total $1,000,000, the equity at the beginning of the year was $700,000
A firm has net income of $200,000 on sales of $2,000,000. Its assets total $1,000,000, the equity at the beginning of the year was $700,000 and dividends paid were $50,000. What is the sustainable growth rate?
Please show the work/equation to solve this so I can understand. Thank you!
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