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Question
Determine a firm's return on assets percentage based on the following information: sustainable growth rate = 20%; total assets = $500,000; beginning-of-year common equity = $200,000; and dividend payout percentage = 60%.
a. 10.0%
b. 22.5%
c. 20.0%
d. 17.5%
Answer
This answer is hidden. It contains 1 characters.
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