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Gilmore, Inc.,. had equity of $180,000 at the beginning of the year. At the end of the year, the company had total assets of $335,000.
Gilmore, Inc.,. had equity of $180,000 at the beginning of the year. At the end of the year, the company had total assets of $335,000. During the year, the company sold no new equity. Net income for the year was $38,000 and dividends were $5,200 What is the sustainable growth rate for the company? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. a. What is the sustainable growth rate if you use the formula ROE x band beginning of period equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What is the sustainable growth rate if you use end of period equity in this formula? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. a. Sustainable growth rate 20.19 % 17.43 0% b. ROE x b (using beginning of period equity) 18.22 % ROE b (using end of period equity) C
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