Homework Answers
ROE= Net Income/ Equity
= 3540/ 22500
=15.73%
Dividend payout = 30%
SGR= ROE*(1-Dividend payout ratio)
=15.73%*(1-0.3)
=11.01%
The Sustainable growth rate is 11.01%.
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Question 5 (of 10) value 10.00 points The most recent financial statements for Schenkel Co. are...
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Please give answers as formulas!!! (using cell names) The most recent financial statements for Schenkel Co....
Please give answers as formulas!!! (using cell names)
The most recent financial statements for Schenkel Co. are shown below. Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. VWhat is the sustainable growth rate? 4 Sales $ 16,200 Current assets $ 10,100 Debt $ 16,400 26,500 Equity 36,600 Total 36,600 7Costs 10,400 Fixed assets 20,200 Taxable income $5,800 Total 2,320 $3,480 Taxes 10 Net income 12 Payout...
Problem 4-7 Calculating Sustainable Growth [LO3] The most recent financial statements for Schenkel Co. are shown...
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4.
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5. Most recent financial statement is shown Income Statement Sales Costs Taxable Balance Sheet $18,900 Current...
5. Most recent financial statement is shown
Income Statement Sales Costs Taxable Balance Sheet $18,900 Current $ 11,700 Debt $15,700 assets 12,800 Fixed assets 26,500 Equity 22,500 $ 6,100 Tota $38,200 $38,200 income Taxes (21%) 1,281 Net income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent...
The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales...
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The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet $16,800 25,250 Sales $14,600 Current assets $12,300 Debt Costs Taxable income Taxes (40%) 8,600 Fixed assets 29,750 Equity $42,050 Total $42,050 6,000 2,400 $ 3,600 Total Net income Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate? (Do not round...
Please give answers as formulas!!! (using cell names)
The most recent financial statements for Schenkel Co. are shown below. Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. VWhat is the sustainable growth rate? 4 Sales $ 16,200 Current assets $ 10,100 Debt $ 16,400 26,500 Equity 36,600 Total 36,600 7Costs 10,400 Fixed assets 20,200 Taxable income $5,800 Total 2,320 $3,480 Taxes 10 Net income 12 Payout...
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4.
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Income Statement Sales Costs Taxable Balance Sheet $18,900 Current $ 11,700 Debt $15,700 assets 12,800 Fixed assets 26,500 Equity 22,500 $ 6,100 Tota $38,200 $38,200 income Taxes (21%) 1,281 Net income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent...
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