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Q1) Inkheart Inc has profit margin of 11% and retention ratio of 70%. Last year, firm had sales of $500 and total assets of $1,000. Desired total debt ratio is 75%. Determine firm's sustainable growth rate (SGR)?

Hint: SGR = (ROE x Retention Ratio) / (1- ROE x Retention Ratio)

Q2) Compute value of cost of goods sold for Large Stone Brewing provided the following information:

Current liabilities = $340,000;

Quick ratio = 1.8;

Inventory turnover = 4.0;

Current ratio = 3.3.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M921370

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