The newspaper reported last week that Tisch Enterprises earned $38.6 million this year. The report also stated
Question:
The newspaper reported last week that Tisch Enterprises earned $38.6 million this year. The report also stated that the firm’s return on equity is 14 percent. The firm retains 75 percent of its earnings. What is the firm’s earnings growth rate? What will next year’s earnings be?
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The growth rate of earnings is the return on equity times the r...View the full answer
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I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
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Related Book For 
Corporate Finance Core Principles and Applications
ISBN: 978-1259289903
5th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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