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Grendl, Incorporated, had total assets of $ 2 8 6 , 0 0 0 and equity of $ 1 7 7 , 0 0 0

Grendl, Incorporated, had total assets of $286,000 and equity of $177,000 at the beginning of the year. At the end of the year, the company had total assets of $311,000. During the year the company sold no new equity. Net income for the year was $91,000 and dividends were $43,500.
What is the sustainable growth rate using the equation:
Sustainable growth rate =(ROE \times b)/[1(ROE \times b)]
if you calculate ROE using end of period equity?
Note: 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 using the equation:
Sustainable growth rate = ROE \times b
if you calculate ROE using beginning of period equity?
Note: 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 using the equation:
Sustainable growth rate = ROE \times b
if you calculate ROE using end of period equity?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.

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