Bright Ideas Inc. just reported a fiscal year end net income value of $4,500,000. The firm has a debt-to-equity ratio of 1.25, a return on assets of 12%, and a payout ratio of 50%. Calculate the implied growth rate. (Enter percentages as decimals and round to 3 decimals)

Answer rating: 100% (QA)

Answer Return on Assets net Income Assets 100 12 4500000 Assets 100 Assets 37... View the full answer