Multiple Choice
A firm has net income of $320,000 and sales of $3,200,000. Its assets total $2,000,000, the equity at the beginning of the year was $1,600,000, and dividends paid were $80,000. What is the sustainable growth rate?
A) 5.50%
B) 15.00%
C) 6.25%
D) 4.75%
Correct Answer:
Verified
Correct Answer:
Verified
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