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Coheed, Inc., had equity of $160,000 at the beginning of the year. At the end of the year, the company had total assets of $224,000.

Coheed, Inc., had equity of $160,000 at the beginning of the year. At the end of the year, the company had total assets of $224,000. During the year the company sold no new equity. Net income for the year was $72,000 and dividends were $46,080. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16))

want to know

(a) The sustainable growth rate for the company is ...... percent.
(b)

The sustainable growth rate is........ percent if you use the formula ROE b and beginning of period equity. If you use end of period equity in this formula, the sustainable growth rate is....... percent.

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