Question
A firm has net income of $320,000 on sales of $3,200,000. Its equity at the beginning of the year was $1,600,000 and dividends paid were
A firm has net income of $320,000 on sales of $3,200,000. Its equity at the beginning of the year was $1,600,000 and dividends paid were $80,000. What is the sustainable growth rate? ( must show your calculations and formulas!!)
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
