Last year Axle Inc. reported total assets of $400, equity of $200, net income of $50, dividends

Fantastic news! We've Found the answer you've been seeking!

Question:

Last year Axle Inc. reported total assets of $400, equity of $200, net income of $50, dividends of $10, and earnings retained in the period of $40.

What is Axle Inc.'s sustainable growth rate (SGR)?

Related Book For answer-question

Entrepreneurial Finance

ISBN: 978-0538478151

4th edition

Authors: J . chris leach, Ronald w. melicher

See More Books

Posted Date: May 02, 2023 12:13 AM

See More Questions

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
Calculate the internal and sustainable growth rate for Lake of Egypt Marina,Inc. Lake of Egypt Marina, Inc Balance Sheet as of December 31,2015 and 2014 in millions of dollars Assets 2015 2014...
You were recently offered a position as an intern in the accounting firm Faitou and Dowal LLP. On your first day at work, your supervisor wanted to test your knowledge of accounting. She gave you the...
Charles has a savings account with a balance, today, of 100,000 SAR in his investment account. He expects to obtain a yearly return of 12% in his investments. How long will it take for Charles to...
Name three major categories of deductions from an employees gross pay.
McConachies incremental annual after-tax operating cash flow is closest to: A. $$116$,000. B. $$124$,000. C. $$140$,000. McConachie Company is considering the purchase of a new 400-ton stamping...
Calculate $r$ for the temperatures and tearing strengths of Exercise 11.3. Assuming that the necessary assumptions can be met, test the null hypothesis $ho=0.60$ against the alternative...
On June 1, High Performance Cell Phones sold $19,000 of merchandise to Andrew Trucking Company on account. Andrew fell on hard times and on July 15 paid only $7,000 of the account receivable. After...
How can I enhance this statement, to include the following skillsets/professional skills/generic skills, how can i quantify my skills? Throughout my nineteen years of experience providing customer...
In cell K3, enter a formula using the COUNTIF function that counts the number of Expansion projects, checking that the column of project types in the Projects table (Projects[Project Type]) is equal...
How can organizations employ intersectional frameworks to navigate the multifaceted dimensions of diversity, acknowledging the overlapping identities and experiences of individuals based on factors...
A single - cylinder engine with a mass of 3 0 0 kg is mounted on 4 shock absorbers . When each shock absorber was left to damped vibration after assembly, 4 5 full oscillations were completed in 7...
How would Yeti account for the contingent liability arising from a recall of its soft coolers and gear cases? Yeti is recalling nearly two million soft coolers and gear cases, including the Hopper...
1. Which function falls within the LPN/LVNs scope of practice? a.Formulating the plan of care b.Collecting data c.Selecting nursing diagnoses d.Setting goals, objectives, and outcomes 2.Which of the...
PT NUSA JAYA is considering setting up several branches to help sell its product line. As an experiment the company set up a branch in Bandung on year 2017 and has been operating for 3 years. During...
How to Read Stock Market Reports
Composition of functions. For f(x)=cos(-3), determine functions g, h, k such that f-gohok. Let f: RR and g: RR be defined by f(x) = 2x +3 and g(x)=-3x+5. Show that (fog) (x) = (g of )(x)..
How can NAFTA be beneficial to suppliers of Walmart?
How does an organized securities exchange differ from an over-the-counter market?
What is the meaning of leverage ratios? What ratios are used for relating total debt to a ventures assets and/or its equity?
Describe the types of resources (assets) needed for a new product venture during its development and startup stages. Comment on the likely revenues and expenses during these early life cycle stages.
Define family law and identify the kinds of issues that are addressed in a family law practice.
Describe the role of a paralegal in a family law practice.
Identify the kinds of resources included in a basic family law library.

Last year Axle Inc. reported total assets of $400, equity of $200, net income of $50, dividends

Question:

Expert Answer:

To calculate the sustainable growth rate SGR we need to use the following formula SGR Net income ... View the full answer

Entrepreneurial Finance

Students also viewed these finance questions