Question
Explain the unswer 1. Country Comfort, Inc. had equity of $150,000 at the beginning of the year. At the end of the year, the company
Explain the unswer 1. Country Comfort, Inc. had equity of $150,000 at the beginning of the year. At the end of the year, the company had total assets of $195,000. During the year, the company sold no new equity. Net income for the year was $63,000 and dividends were $44,500. What is the sustainable growth rate? |
10.3 percent |
10.7 percent |
11.6 percent |
12.7 percent |
12.3 percent
|
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