Question
Lester, Inc. has a 12 percent profit margin and a 45 percent dividend payout ratio. The total asset turnover is 0.80 and the equity multiplier
Lester, Inc. has a 12 percent profit margin and a 45 percent dividend payout ratio. The total asset turnover is 0.80 and the equity multiplier is 1.60. What is the sustainable rate of growth?
| 8.87% | ||
| 9.71% | ||
| 9.23% | ||
| 8.62% | ||
| 8.48% |
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Cornerstones Of Financial Accounting
Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones
1st Edition
0324657730, 9780324657739
