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Determine a firm's return on assets percentage based on the following information: sustainable growth rate = 20%; total assets $500,000; beginning of year common equity
Determine a firm's "return on assets" percentage based on the following information: sustainable growth rate = 20%; total assets $500,000; beginning of year common equity $200,000; and dividend payout percentage = 60%
A. 10%
B. 12.5%
C. 15%
D. 17.5%
E. 20%
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