Kendra Inc. is trying to project their long term growth rate. During the year just ended total assets were $200 million

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Kendra Inc. is trying to project their long term growth rate. During the year just ended total assets were $200 million

Post by answerhappygod »

Kendra Inc. is trying to project their long term growth rate.
During the year just ended total assets were $200 million dollars,
total liabilities were $150 million dollars and net income was $5
million. There is no preferred stock. Kendra paid $3 million
of dividends. Ashley believes that the current year is
representative of future proportions for ratios such as ROE and
payout ratio. Based on the Earnings Retention model,
Kendra forecasts a long-term growth rate of:
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”