Country Comfort,Inc

Multiple Choice

Country Comfort,Inc.had equity of $150,000 at the beginning of the year.At the end of the year,the company had total assets of $195,000.During the year,the company sold no new equity.Net income for the year was $63,000 and dividends were $44,640.What is the sustainable growth rate?

A) 10.32 percent
B) 10.79 percent
C) 11.78 percent
D) 12.01 percent
E) 12.24 percent