A venture started the year with $20 million in book value of equity. It plans no intermediate
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A venture started the year with $20 million in book value of equity. It plans no intermediate equity injections or withdrawals and projects net income of $2 million for the year. It will pay a $500,000 (25%) dividend at the beginning of the next period and retain $1,500,000 (75%). Assuming that the company will scale up with the same margins, what is the sustainable sales growth rate?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1285190907
8th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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