Question: The newspaper reported last week that Lowery Enterprises earned $30 million this year. The report also stated that the firms return on equity is 14

The newspaper reported last week that Lowery Enterprises earned $30 million this year. The report also stated that the firm’s return on equity is 14 percent. Lowery retains 70 percent of its earnings. What is the firm’s earnings growth rate? What will next year’s earnings be?

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