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Hayesville Corporation Had Net Income of $5 Million This Year

Question 11

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%

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