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A Firm Has a Policy of Not Issuing Debt and Paying

Question 57

Multiple Choice

A firm has a policy of not issuing debt and paying out 40% of its earnings.Its asset turnover is 2.0 and its profit margin is 10%.What is its sustainable growth rate?


A) 20.0%
B) 8.0%
C) 3.0%
D) 12.0%

Correct Answer:

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