Question
No Return, Inc., had total assets of $285,000 and equity of $176,000 at the beginning of the year. At the end of the year, the
No Return, Inc., had total assets of $285,000 and equity of $176,000 at the beginning of the year. At the end of the year, the company had total assets of $310,000. During the year the company sold no new equity. Net income for the year was $90,000 and dividends were $43,000. |
What is the sustainable growth rate if you calculate ROE based on the end of period equity? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Sustainable growth rate | % |
What is the sustainable growth rate if you calculate ROE based on the beginning of period equity (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Sustainable growth rate | % |
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