Question
Cambria, Inc., had equity of $133,273 at the beginning of the year. At the end of the year, the company had total assets of $272,855.
Cambria, Inc., had equity of $133,273 at the beginning of the year. At the end of the year, the company had total assets of $272,855. During the year the company sold no new equity. Net income for the year was $27,335 and dividends were $4,826.
What is the sustainable growth rate for the company? (in %)
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Cost Accounting Concepts And Applications For Managerial Decision Making
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
2nd Edition
0070103100, 978-0070103108
