Multiple Choice
Hayesville Corporation had net income of $5 million this year on net sales of $125 million per year.At the beginning of this year,its debt-to-equity ratio was 1.5 and it held $75 million in total liabilities.It paid out $2 million in dividends for the year.What is Hayesville Corporation's sustainable growth rate?
A) 3%
B) 4%
C) 5%
D) 6%
Correct Answer:

Verified
Correct Answer:
Verified
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