Westcomb, Inc. had a capital of $150,000 at the beginning of the year. At the end of the year, the company had total assets of $195,000. During the year, the company did not sell any new shares. Net income for the year was $72,000 and dividends were $44,640. What is the sustainable growth rate?

Answer rating: 100% (QA)

The sustainable growth rate SGR is a measure of how much a company can grow its assets using interna... View the full answer