Medtronic firm has $[(1,000,000*(0+9)+$55,000,000] in equity and $55,000,000 in debt and forecast $[(1,000,000*(9)+$22,000,000] in net income for
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Medtronic firm has $[(1,000,000*(0+9)+$55,000,000] in equity and $55,000,000 in debt and forecast $[(1,000,000*(9)+$22,000,000] in net income for the year. It currently pays dividends equal to [(0+9+9+1)]% of its net income. a. What would their internal growth rate be? NOTE: Answer in percentage. If your answer is 0.0405, then answer 4.05. b. What would their sustainable growth rate be? NOTE: Answer in percentage. If your answer is 0.0405, then answer 4.05
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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