Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Company NIO has asset turnover of 120% . Its equity multiplier and profit margin are 125% and 4%, respectively. Given a 30% constant dividend payout
Company NIO has asset turnover of 120% . Its equity multiplier and profit margin are 125% and 4%, respectively. Given a 30% constant dividend payout ratio, What is NIO's sustainable growth rate?
1) 1.24%
2) 2.48%
3)4.38%
4) 3.33%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started