A firm has net income of $320,000 and sales of $3,200,000. Its assets total $2,000,000, the equity at the beginning of the year was $1,600,000, and dividends paid were $80,000. What is the sustainable growth rate?
A)5.50%
B)15.00%
C)6.25%
D)4.75%

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The Answer of A firm has net income of $320,000 and sales of $3,200,000. Its assets total $2,000,000, the equity at the beginning of the year was $1,600,000, and dividends paid were $80,000. What is the sustainable growth rate?
A)5.50%
B)15.00%
C)6.25%
D)4.75%

A Firm Has Net Income of $320,000 and Sales of $3,200,000