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Problem 3-45 Internal and Sustainable Growth Rates [LO 3] Better Burgers reported the following numbers (in millions) for the years ending February 2017 and 2018
Problem 3-45 Internal and Sustainable Growth Rates [LO 3] Better Burgers reported the following numbers (in millions) for the years ending February 2017 and 2018 2017 Net income Dividends Total assets Total equity 2018 $ 1,447 208 12,798 4,524 $13,610 6,241 What are the internal and sustainable growth rates? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Internal growth rate Sustainable growth rate % % What are the internal and sustainable growth rates using ROE band ROA b and the end of period equity (assets)? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Internal growth rate Sustainable growth rate % % What are the growth rates if you use the beginning of period equity in this equation? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Internal growth rate Sustainable growth rate % %
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