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QUESTION
Ultragrunge Inc. earned 25 million after tax in the last year. The company has 100 million in assets and 85 million in equity. It has a policy of...
The company has 100 million in assets and 85 million in equity. It has a policy of paying 12% of earnings as dividends. What is the SGR of Ultragrunge?
the Answer is 25.90% I am not getting this concept
