What is the firm sustainable growth rate

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Reference no: EM131929127

Plank’s Plants had net income of $9,000 on sales of $80,000 last year. The firm paid a dividend of $1,800. Total assets were $400,000, of which $160,000 was financed by debt.

a. What is the firm’s sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)

Reference no: EM131929127

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