Multiple Choice
The Lo-Gro Co. in 2014 had equity of $15 million, net income of $1,800,000 of which 60% was paid out as dividends. The sustainable growth rate for the Lo-Gro Co. is:
A) 0.48%.
B) 4.80%.
C) 0.72%.
D) 7.20%.
Correct Answer:
Verified
Correct Answer:
Verified
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