Automotive has total assets of $1,000,000 and total Liabilities (debt) of $500,000. They have a percent net profit of 5%
Posted: Sun May 29, 2022 4:59 pm
Automotive has total assets of $1,000,000 and total Liabilities (debt) of $500,000. They have a percent net profit of 5% and pay out 50% of their income as dividends. Calculate their sustainable growth rate SGR if 70% of their assets vary with sales (AA/S)?