Question
Riverhawk Sales, Inc. had a net income of $20,000 on sales of $100,000 last year. Its balance sheet shows debt of $30,000 and equity of
Riverhawk Sales, Inc. had a net income of $20,000 on sales of $100,000 last year. Its balance sheet shows debt of $30,000 and equity of $30,000. If the total dividend paid was $10,000, what is its sustainable growth rate?
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Get StartedRecommended Textbook for
Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
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