Problememerson equine supplies earned 72000 in 2012 and pad, Ask an Expert

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Problem:

Emerson Equine Supplies earned $72,000 in 2012 and pad dividends of $44,640. The firm had equity of $150,000 at the beginning of the year. At the end of the year, the company had total assets of $195,000. During the year, the company sold no new equity.

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Question: What is the sustainable growth rate?

Note: Please explain comprehensively and give step by step solution.

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Category:- Basic Finance
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