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Langley County Inc. had equity of $145,000 at the beginning of the year. At the end of the year, the company had total assets of
Langley County Inc. had equity of $145,000 at the beginning of the year. At the end of the year, the company had total assets of $275,000. During the year, the company sold no new equity. Net income for the year was $26,000 and dividends were $5,500. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) What is the sustainable growth rate for the company? Sustainable growth rate What is the sustainable growth rate if you use the formula ROE Rand beginning of period equity? Beginning of period equity D % What is the sustainable growth rate if you use the formula ROE * Rand end of period equity? End of period equity 0 %
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