Question
. Determine a firms financial policy multiplier based on the following information: sustainable growth rate = 30%; net profit = $120,000; net sales = $480,000;
. Determine a firms financial policy multiplier based on the following information: sustainable growth rate = 30%; net profit = $120,000; net sales = $480,000; total assets = $960,000 and dividends = $48,000. Round your answer to 2 decimals. (a) 0.95 (b)2.40 (c) 4.00 (d) 6.00 (e) None of the above
answer is 2.4 could u please show working?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
