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For the most recent fiscal year, the Hammock Company's total equity was $ 4 5 0 and net income was equal to $ 9 7

For the most recent fiscal year, the Hammock Company's total equity was $450 and net income was equal to $97. Of the $97 net income, $44 was retained. What is the sustainable growth rate for the Ladder Company? For the most recent fiscal year, the Hammock Company's total equity was \(\$ 450\) and net income was equal to \(\$ 97\) Of the \(\$ 97\) net income, \(\$ 44\) was retained. What is the sustainable growth rate for the Ladder Company?

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