FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

USE EXCEL TO ANSWER: Louis Inc. has a net profit margin of15%,and a debt to equity ratio of1.1, and a total asset turnover of 0.88and

USE EXCEL TO ANSWER: Louis Inc. has a net profit margin of15%,and a debt to equity ratio of1.1, and a total asset turnover of 0.88and a retention ratio of 25%.Calculate the sustainable growth rate.(Enter percentages as decimals and round to 4 decimals)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Principles and Applications

Financial Management Principles and Applications

Authors: Sheridan Titman, Arthur Keown, John Martin

12th edition

133423824, 978-0133423822

More Books

Students also viewed these Finance questions

Question

Which of the following is correct regarding proof of design defect? Multiple Choice States are not in agreement regarding what proof is required to establish a design defect. State law across the coun

Answered: 1 week ago

Question

If the value of money is 1/15 hr, the average wage is $15/hr and a worker works 8 hours in a day, how many hours of unpaid labor does the worker work according to Marx? a. 3 hrs b. 0 hrs c. 6 hrs d. 4

Answered: 1 week ago

Question

If the value of money is 1/15 hr, the average wage is $15/hr and a worker works 8 hours in a day, how many hours of unpaid labor does the worker work according to Marx? a. 3 hrs b. 0 hrs c. 6 hrs d. 4

Answered: 1 week ago

Question

★★★★★
This chapter describes the mechanisms in place to regulate accounting and financial reporting in five countries. Required: Compare and contrast these mechanisms in the United Kingdom and China.

Answered: 1 week ago

Question

★★★★★
Kaymer Corporation issued 300 shares of $10 par value ordinary shares for $4,500. Prepare Kaymers journal entry.

Answered: 1 week ago

Question

★★★★★
Explain what is meant by the criteria for evaluating efficiency and effectiveness. Provide five possible specific criteria for evaluating effectiveness of an IT system for payroll.

Answered: 1 week ago

Question

★★★★★
An urn contains 15 balls numbered 115. We select three balls without replacement. Find the probability that (i) at least one number drawn is a prime; (ii) exactly one number drawn is a prime.

Answered: 1 week ago

Question

★★★★★
An examination of the cash activities during the year shows the following. Suzie has not reconciled the company?s cash balance with that of the bank since the company was started. She asks Summit...

Answered: 1 week ago

Question

★★★★★
Okahandja Constructions CC is registered company that provides N$2 500 housing benefits to each of its three employees in terms of an approved housing scheme. The employees remuneration for the year...

Answered: 1 week ago

Question

★★★★★
Healthy Food Company is considering the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following in Estimated direct labor cost...

Answered: 1 week ago

Question

★★★★★
GOVERNMENT NSW TAFE Part 1: Sales budget preparation Prepare a Sales budget for 'Health is care' Cafe situated in a Blacktown city hospital for 2016. Health is care Cafe-Sales data for the year ended...

Answered: 1 week ago

Question

★★★★★
Determine miller indices of plane A Z a/2 X a/2 a/2 Y

Answered: 1 week ago

Question

★★★★★
Help Desk Layout Using the internet, research help desk layouts. What types of novel layouts (i.e., not standard cubicles)? Which of these layouts would you prefer to work in?

Answered: 1 week ago

Question

★★★★★
ABN Amro Bank, Amsterdam, wants to purchase Rs.15 m against $ for funding their Vostro account with Canara Bank, New Delhi. Assuming the inter bank, rates of $ is 51.3625 - 3700, what would be the...

Answered: 1 week ago

Question

★★★★★
Operating expenses would include O interest expense. O income tax expense. O freight-out. O freight-out and interest.

Answered: 1 week ago

Question

★★★★★
Martinez Company owns a garage and is contemplating purchasing a tire retreading machine. Martinez projects a net cash flow from the retreading machine of $ 1 1 , 8 0 0 annually for 7 years. It...

Answered: 1 week ago

Question

★★★★★
What services are provided by the provincial and territorial governments?

Answered: 1 week ago

Question

★★★★★
65. Olympic heats. In Olympic running events, preliminary heats are determined by random draw, so we should expect the ability level of runners in the various heats to be about the same, on average....

Answered: 1 week ago

Question

★★★★★
67. Tee tests. Does it matter what kind of tee a golfer places the ball on? The company that manufactures Stinger tees claims that the thinner shaft and smaller head will lessen resistance and drag,...

Answered: 1 week ago

Question

★★★★★
66. Swimming heats. In Exercise 65 we looked at the times in two different heats for the 400-m womens run from the 2004 Olympics. Unlike track events, swimming heats are not determined at random....

Answered: 1 week ago

Previous Question Next Question