Question: Complete the following problems using a spreadsheet program, such as Excel. 1. The newspaper reported last week that Bennington Enterprises earned $17.5 million this year.

Complete the following problems using a spreadsheet program, such as Excel.

1. The newspaper reported last week that Bennington Enterprises earned $17.5 million this year. The report also stated that the firms return on equity is 13 percent. The firm retains 80 percent of its earnings. What is the firms earnings growth rate? What will next years earnings be?

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