Problem 4-7 Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/66497c0c50be8_91566497c0b9c98b.jpg)
Transcribed Image Text:
Problem 4-7 Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selected financial data for the company for the period 2012-2016. 2012 2013 2014 2015 2016 0.3 4.0 6.4 10.4 18.4 100.0 100.0 100.0 100.0 100.0 0.54 0.59 0.64 0.69 0.74 1.19 1.23 1.26 1.31 1.39 18.4 17.9 15.4 31.9 23.4 Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (x) Growth rate in sales (%) Source: Data from Nobility Homes 2012 to 2016 annual reports a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016. Note: Round your answers to 1 decimal place. Year Sustainable Growth Rate 2012 % 2013 % 2014 % 2015 % 2016 % Problem 4-7 Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selected financial data for the company for the period 2012-2016. 2012 2013 2014 2015 2016 0.3 4.0 6.4 10.4 18.4 100.0 100.0 100.0 100.0 100.0 0.54 0.59 0.64 0.69 0.74 1.19 1.23 1.26 1.31 1.39 18.4 17.9 15.4 31.9 23.4 Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (x) Growth rate in sales (%) Source: Data from Nobility Homes 2012 to 2016 annual reports a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016. Note: Round your answers to 1 decimal place. Year Sustainable Growth Rate 2012 % 2013 % 2014 % 2015 % 2016 %
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
The jet plane starts from rest at s = 0 and is subjected to the acceleration shown. Determine the speed of the plane when it has traveled 1000 ft. Also, how much time is required for it to travel...
-
Give decompositions for the Hire Builder and Get Permit steps in Figure, and show how the decomposed sub plans connect into the overallplan. Land Buy Land Finish Start Money Build House House Land...
-
Why have customer-related costs attracted increasing attention in recent years?
-
. Advertising campaign and production level decisions (Learning Objectives 1, 3) EZPAK Manufacturing produces filament packaging tape. In 2008, EZPAK Manufacturing produced and sold 15 million rolls...
-
BMWs sales slipped during the worldwide recession in 2008 and 2009. Is its segmentation strategy too selective? Why or why not?
-
\f
-
The 1990s music style known for its soul searching and self indulgence is
-
What is the historical context of project management? Identify significant historical events or developments that played a role in the evolution of project management. identify key milestones and...
-
Using the information below (the stock's Beta, and the average 52-week return for the S&P 500) compute the required rate of return for your stock. In other words, plug these numbers into the CAPM...
-
Olsen Inc. purchased a $700,000 machine to manufacture a specialty tap for electrical equipment. The tap is in high demand and Olsen can sell all that it could manufacture for the next 10 years. To...
-
If you want to have $12,000.00 in 3 years and 6 months, how much should you deposit today in an investment fund that is earning interest at a rate of 4.58% compounded quarterly? Round to the nearest...
-
A hatchery stocks a pond with 1000 fish. The number of fish t years later is given by P(t)=1000e^(-0.2t). At approximately what time are there 100 fish left?
-
) Puntos de venta ( Departamento de lcteos en supermercado/ zapatos mujer en tienda departamental ) con errores al momento de fijar o establecer lineales. Por ejemplo: productos en lineales al suelo...
-
Using the parallel-axis theorem, determine the product of inertia of the area shown with respect to the centroidal x and y axes. 6 in. 9 in. 9 in- 4.5 in. in. 4.5 in.
-
Taking into account differential labor costs abroad, transportation, tax advantages, and so forth, U. S. corporations can maximize long-run profits. There are also nonprofit behavioral and strategic...
-
When money is tight, interest rates are generally high. This means that near-cash assets have high returns; hence, it is expensive to hold idle cash balances. Firms tend to economize on their cash...
-
a. Better synchronization of cash inflows and outflows would allow the firm to keep its transactions balance at a minimum, and would therefore lower the target cash balance. b. Improved sales...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App