Gilmore Inc had equity of $170000 at the beginning of the year At the end of the year the company had total assets of $325000 During the year the company sold no new equity Net income for
Gilmore, Inc., had equity of $170,000 at the beginning of the year. At the end of the year, the company had total assets of $325,000. During the year, the company sold no new equity. Net income for the year was $36,000 and dividends were $4, 800. What is the sustainable growth rate for the company? What is the sustainable growth rate if you use the formula ROE b and beginning of period equity? What is the sustainable growth rate if you use end of period equity in this formula?
Apr 05 2020 View more View Less
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