Wilkinson and Daughters has net income of $415,400, total assets of $2.2 million, and total liabilities of $1.08 million. The company paid $270,000 in dividends. What is the firm's sustainable rate of growth?

The firm's sustainable rate of growth is 12.98%

Explanation:

To calculate the firm's sustainable rate of growth we need to make a few steps first.

1) According to the principles of accounting Total assets=Total liabilities+Total equity

Total equity hence=(2,200,000-1,080,000)=$1,120,000

Next, we proceed to calculate the ROE, which is ROE=Net income/equity

=(415400/1,120,000)

=0.370892857(Approx)

Next we calculate the Dividend payout ratio=Dividend/Net income

=(270,000/415400)

=0.649975926

Next we calculate the Retention ratio=1-Dividend payout ratio

=1-0.649975926

=0.350024074

Finally, with all the steps made before, we are to calculate the

Sustainable growth rate=(ROE*Retention ratio)

=(0.370892857*0.350024074)

=12.98%(Approx).

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

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