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.(Hint: Read page 331)

0.95

(b)2.40

(c) 4.00

(d) 6.00

(e) None of the above

show step by step please