Figgins Corp. projects a return on sales of 6%, a total asset turnover of 2.0, a debt ratio of 50% and a dividend payout ratio of 30%. What is Figgins' sustainable growth rate?
A) 1.8%
B) 4.2%
C) 7.2%
D) 12.0%
E) 16.8%
Correct Answer:
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