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

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

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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:
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