BRT Ltd's financial statements show the following figures: Sales revenue $233.45 million . Net Income $78.01 million . • Total Assets $285 million - Return on equity 12.53% • Cash dividend paid $41.67 million Calculate the sustainable growth rate for BRT Ltd. (Write the answer in % rounded to two decimal places. For example, if your answer is 1.234%, write only 1.23)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Question 19
BRT Ltd's financial statements show the following figures:
Sales revenue $233.45 million
Net Income $78.01 million
• Total Assets $285 million
.
.
. Return on equity 12.53%
• Cash dividend paid $41.67 million
Calculate the sustainable growth rate for BRT Ltd.
(Write the answer in % rounded to two decimal places. For example, if your answer is 1.234%, write only 1.23)
Transcribed Image Text:Question 19 BRT Ltd's financial statements show the following figures: Sales revenue $233.45 million Net Income $78.01 million • Total Assets $285 million . . . Return on equity 12.53% • Cash dividend paid $41.67 million Calculate the sustainable growth rate for BRT Ltd. (Write the answer in % rounded to two decimal places. For example, if your answer is 1.234%, write only 1.23)
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