Question: 9 . Here is information from the most recent financial statements for your firm: The Income Statement reports a net income of $ 2 9

9. Here is information from the most recent financial statements for your firm:
The Income Statement reports a net income of $298,000.
The Balance Sheet show that Assets is $740,000, Liabilities is $125,000, and Equity is $615,000.
Your company maintains a 35% retention ratio.
What is the firms sustainable growth rate?

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