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Valentino's maintains a constant debt-equity ratio of 0.55. The firm had net income of $12,800 for the year and paid $10,500 in dividends. The
Valentino's maintains a constant debt-equity ratio of 0.55. The firm had net income of $12,800 for the year and paid $10,500 in dividends. The firm has total assets of $102,000. What is the sustainable growth rate?
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
