Question
Riverhawk Sales, Inc. had a net income of $15,000 on sales of $100,000 last year. Its balance sheet shows debt of $20,000 and equity of
Riverhawk Sales, Inc. had a net income of $15,000 on sales of $100,000 last year. Its balance sheet shows debt of $20,000 and equity of $64,000. If the total dividend paid was $6,000, what is its sustainable growth rate? A. 0.1200 B. 0.2000 C. 0.1636 D. 0.1810 E. 0.1077 F. 0.1478 G. 0.0963 H. 0.1333
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
