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QUESTION

The Donut Hut has sales of $68,000, current assets of $11,300, net income of $5,100, net fixed assets of $54,900, total debt of $23,800, and

The Donut Hut has sales of $68,000, current assets of $11,300, net income of $5,100, net fixed assets of $54,900, total debt of $23,800, and dividends of $800. What is the sustainable growth rate?

Select one:

a. 10.48 percentb. 11.29 percentc. 11.79 percentd. 12.08 percente. 12.39 percentNet incomeEquitydividendROEDividend payoutSustainable growth rate 5100424008000.1202830.15686310.14%
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