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Sustainable growth rate-emerson equine supplies

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Emerson Equine Supplies earned $72,000 last year and paid dividends of $46,800. 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. What is the sustainable growth rate?

Reference no: EM132685600

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Sustainable growth rate-emerson equine supplies : Emerson Equine Supplies earned $72,000 last year and paid dividends of $46,800. The firm had equity of $150,000 at the beginning of the year.

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