Question
BC Lean, Inc. (BCL) had sales of $200,000 on which it earned a net income of $20,000. It has a total debt of $48,000 and
BC Lean, Inc. (BCL) had sales of $200,000 on which it earned a net income of $20,000. It has a total debt of $48,000 and total equity of $60,000. Last year, it paid dividends of $6,000. What is its sustainable growth rate (SGR)?
A.55.56%
B.25.00%
C.68.75%
D.36.36%
E.30.43%
F.45.00%
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
