None Premier Corporation has anROE of 14.7 percent and apayout ratio of 46 percent.What is its sustainable growthrate?Note: Do not roundintermediate calculations andenter your answer as a percentrounded to 2 decimal places, e.g., 32.16.

Step 1:The sustainable growth rate (SGR) can be calculated using the formula:SGR = ROE * (1−Payout…

Answered: Premier Corporation has an ROE of 14.7…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 78E: Ratio Analysis Consider the following information. Required: Calculate the stockholder payout...

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Premier Corporation has an ROE of 14.7 percent and a payout ratio of 46 percent. What is its sustainable growth rate? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e .g., 32.16.