Question
FSHSH Corporation generated net income of $17,000 on sales of $112,000 in this year. Its equity at the beginning of the year was $340,000 and
FSHSH Corporation generated net income of $17,000 on sales of $112,000 in this year. Its equity at the beginning of the year was $340,000 and dividends paid were $5,000. What is the company's sustainable growth rate? please show all work and formulas used in explanation because I cannot figure out how i got .033% as an answer
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Financial Accounting Information For Decisions
Authors: Robert W. Ingram, Bruce Baldwin
4th Edition
0324069545, 978-0324069549
