Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Financial Management

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

17th Edition

126001391X, 978-1260013917

More Books

Students also viewed these Finance questions