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Statement showing computation:
1) Growth= retention ratio*return on equity
Retained earning= Net income-dividend paid
Retained earning= 19800-5100= $14700
Retention ratio= 14700/19800= 0.7424
Return on equity= Net income/Equity*100
Return on equity= 19800/309000*100= 6.41%
Growth= 0.7424*6.41= 4.76%
Growth rate= 4.76%
2) Calculation of total assets:
Total assets= cash+PPE
Total assets= 53600+352600= 406200
Total assets= $406200
3) Calculation of debt/Equity ratio:
Debt/Equity ratio= Debt/Equity
Debt Equity ratio= 97200/309000= 0.315
Debt Equity ratio= 0.315
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INCOME STATEMENT, 2019
Sales
$
1,250
Costs
240
Interest
50
Taxes
190
Net income
$
770
BALANCE SHEET, YEAR-END
2018
2019
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2019
Assets
$
4,200
$
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Debt
$
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$
1,500
Equity
2,800
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4,200
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4,500
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Assume that Eagle’s assets are proportional to its sales.
INCOME STATEMENT, 2019
Sales
$
1,250
Costs
240
Interest
50
Taxes
190
Net income
$
770
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2018
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4,200
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4,500
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4,500
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