Assume a Quebec firm has sales of $4,750 on assets totaling $2,500, net income of $375, and dividends of $150. What is the sustainable growth rate if the equity has a value of $1,500?
A) 22.9%
B) 17.6%
C) 13.0%
D) 11.1%
E) 9.9%
Correct Answer:
Verified
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