The Most Recent Financial Statements For Minnie S Manufacturing Co Are Shown Below Income Statement Sales Current 91 1 (48.19 KiB) Viewed 37 times
The Most Recent Financial Statements For Minnie S Manufacturing Co Are Shown Below Income Statement Sales Current 91 2 (27.69 KiB) Viewed 37 times
The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Sales Current $ 91,200 assets Costs 66,150 Fixed assets Balance Sheet $ 32,000 Debt $ 42,000 93,200 Equity 83,200 Taxable income Total $25,050 125,200 $125,200 Total $' Tax (21%) 5,261 Net Income $ 19,790 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. No external equity financing is possible. What is the ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE %
What is the ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE % What is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %
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