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Automotive has total assets of $1,000,000 and total Liabilities (debt) of $500,000. They have a percent net profit of 5% and pay out 50% of
Automotive has total assets of $1,000,000 and total Liabilities (debt) of $500,000. They have a percent net profit of 5% and pay out 50% of their income as dividends. Calculate their sustainable growth rate SGR if 70% of their assets vary with sales (AA/S)?
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
