Spurlock Inc. had net income of $266,778 in its most recent fiscal year and total assets of
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Spurlock Inc. had net income of $266,778 in its most recent fiscal year and total assets of $1,833,400 at the end of the year. The company's total debt ratio (total debt to total assets) is 35 percent, and Spurlock retains 60 percent of its income every year. What is Spurlock's internal growth rate? What is its sustainable growth rate?
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1118845899
3rd edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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