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Question
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%
Answer
This answer is hidden. It contains 1 characters.
Related questions
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