Question
A firm has the following information for the year: Total Assets, beginning$2,000,000 Total Assets, ending..$2,300,000 Total Liabilities, beginning.$800,000 Total Liabilities, ending..$750,000 Net sales.$10,000,000 Dividends .$100,000
A firm has the following information for the year:
Total Assets, beginning$2,000,000
Total Assets, ending..$2,300,000
Total Liabilities, beginning.$800,000
Total Liabilities, ending..$750,000
Net sales.$10,000,000
Dividends .$100,000
Net Income..$450,000
There is only common stock (no preferred stock).
What is the sustainable growth rate?
Use the PRAThatmethod:
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77861671, 978-0077861674
