Imperial Beverage Co. currently has sales of $1,340,500 and net income of $320,500. Its debt ratio is
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Imperial Beverage Co. currently has sales of $1,340,500 and net income of $320,500. Its debt ratio is 30% and its dividend payout ratio is 65%. If the firm's total assets are worth $1,750,000, calculate its sustainable growth rate (Do not round intermediate calculations. Round final percentage answer to two decimal places.)
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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