Taylor Industries has a net income of $74.5 million and pays out $10.2 million in dividends. The firm has total assets of $1,050 million and total liabilities of $610 million. What is the firm's sustainable growth rate, given this information?
Taylor Industries has a net income of $74.5 million and pays out $10.2 million in dividends. The firm has total assets of $1,050 million and total liabilities of $610 million. What is the firm's sustainable growth rate, given this information?
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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Question
Sustainable growth rate

Transcribed Image Text:Taylor
Industries has a net
income of $74.5 million and pays
out $10.2 million in dividends.
The
firm has total assets of
$1,050 million and total liabilities
of $610 million. What is the firm's
sustainable growth rate, given
this information?
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