Question
Determine a venture's sustainable growth rate based on the following information: sales= $1,000,000; net income= $150,000; common equity at the end of last year= $520,000;
Determine a venture's sustainable growth rate based on the following information: sales= $1,000,000; net income= $150,000; common equity at the end of last year= $520,000; and the dividend payout percentage =20%.
a. 10%
b. 16%
c. 20%
d. 24%
e. 30%
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
