Wilkinson and Daughters has net income of $318,5000, total assets of $2.2 million, and total liabilities of $1.08 million. The company paid $160,000 in dividends. What is the firm's sustainable rate of growth?
A) 9.69 percent
B) 11.06 percent
C) 12.49 percent
D) 13.93 percent
E) 14.15 percent
Correct Answer:
Verified
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