Multiple Choice
Valentino's maintains a constant debt-equity ratio of 0.45.The firm had net income of $11,800 for the year and paid $6,500 in dividends.The firm has total assets of $92,000.What is the sustainable growth rate?
A) 7.38 percent
B) 8.27 percent
C) 9.11 percent
D) 9.62 percent
E) 10.38 percent
Correct Answer:
Verified
Correct Answer:
Verified
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