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Soweto Ltd had earnings per share (EPS) of R1.20 at the end of the current financial year and sales of R50 per share. Its asset
Soweto Ltd had earnings per share (EPS) of R1.20 at the end of the current financial year and sales of R50 per share. Its asset turnover is 3 and its debt-to-equity ratio is 2. Furthermore, they have paid R0.30 in dividends. Calculate the sustainable growth rate of Soweto Ltd. a. 14.40% b. 21.60% c. 27.82%
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Auditing A Risk Based Approach
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
12th Edition
9780357721872
