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You've collected the following financial information for Manildi Inc. for last year: Line item Amount Sales $450,000 Net income $12,000 Dividends $5,500 Total asset turnover
You've collected the following financial information for Manildi Inc. for last year:
| Line item | Amount |
| Sales | $450,000 |
| Net income | $12,000 |
| Dividends | $5,500 |
| Total asset turnover | 0.6 |
| Debt-equity ratio | 0.8 |
Note: Balance sheet items were measured at the beginning of the year.
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What is the sustainable growth rate?
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Managing Finance
Authors: CMI Books
1st Edition
1781252181, 978-1781252185
