Grendl, Incorporated, had total assets of $$305,000$ and equity of $$196,000$ at the beginning of the year. At the end the year, the

company had total assets of $$330,000.$ During the year the company sold no new equity. Net income for the year was $$110,000$ and

dividends were $$53,000.$

What is the sustainable growth rate using the equation:

Sustainable growth rate $=\frac{\text{R}\text{O}\text{E}b}{1-(ROEb)}$

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$.,32\mathrm{.}16.$

Sustainable growth rate

What is the sustainable growth rate using the equation:

Sustainable growth rate $=$ROE$b$

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$.,32\mathrm{.}16.$

What is the sustainable growth rate using the equation:

Sustainable growth rate $=$ROE$b$

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$.,32\mathrm{.}16.$