Based on the information, calculate the sustainable growth rate for Northern Lights Co. (Do not round intermediate
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Question:
Based on the information, calculate the sustainable growth rate for Northern Lights Co. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Profit margin = 9.9 %
Capital intensity ratio = .60
Debt-equity ratio = .75
Net income = $ 110,000
Dividends = $ 47,500
Related Book For
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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