Ellicott Textile Mills management has reported the following financial information for the year ended September 30, 2017.

Question:

Ellicott Textile Mills management has reported the following financial information for the year ended September 30, 2017. The company generated a net income of $915,366 on a net profit margin of 6.4 percent. It has a dividend payout ratio of 50 percent, a capital intensity ratio of 62 percent, and a debt ratio of 45 percent. What is the company’s sustainable growth rate?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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