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Best Buy reported the following numbers (in millions) for the years ending February 1, 2020, and January 30, 2021. Net income Dividends 2020 Total
Best Buy reported the following numbers (in millions) for the years ending February 1, 2020, and January 30, 2021. Net income Dividends 2020 Total assets Total equity $ 15,591 3,479 2021 $ 1,798 568 19,067 4,587 a. What are the internal and sustainable growth rates? Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. b. What are the internal and sustainable growth rates using ROE x b and ROA x b and the end of period equity (assets)? Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. c. What are the growth rates if you use the beginning of period equity (assets) in this equation? Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. a. Internal growth rate Sustainable growth rate b. Internal growth rate % % % Sustainable growth rate % c. Internal growth rate % Sustainable growth rate %
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