For the 2017-2018 financial year of Wesfarmers Limited, calculate the following measures for Wesfarmers Limited for both periods: Kindly show workings

(a) Return on equity [3 marks]

(b) Dividend payout ratio [3 marks]

(c) Price/Book (P/B) ratio. [3 marks]

3. Using the data provided, derive the sustainable growth rate. [4 marks]

4. Given the return on equity estimate of 9.00% for Wesfarmers and your previous calculations, use the DDM (discount dividend model) to estimate the price of a share of Wesfarmers.