Do fast answer of this accounting questions A firm has a net income of $68.0 million and pays out $9.1 millionin dividends. The firm has total assets of $987 million and totalliabilities of $559 million. What is the firm's sustainable growthrate, given this information?a. 11.21%b. 19.11%c. 17.51%d. 13.76%

ROE = Net Income/(Equity)ROE = 68/(987-559)ROE = 15.89% Dividend Payout Ratio = Dividend Paid/Net…

Answered: A firm has a net income of $68.0…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 6P

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