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Home / Questions / Plankâ s Plants had net income of $5000 on sales of $100000 last year The firm paid a divi...

Plankâ s Plants had net income of $5000 on sales of $100000 last year The firm paid a dividend of $1100 Total assets were $200000 of which $100000 was financed by debt A at is the

Plank’s Plants had net income of $5,000 on sales of $100,000 last year. The firm paid a dividend of $1,100. Total assets were $200,000, of which $100,000 was financed by debt. A) at is the firm’s sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) B) If the firm grows at its sustainable growth rate, how much debt will be issued next year? (Do not round intermediate calculations.) C) What would be the maximum possible growth rate if the firm did not issue any debt next year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

 

Aug 10 2020 View more View Less

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