The Donut Hut Has Sales of $68,000, Current Assets of $11,300

question 103

Multiple Choice

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?

• A)10.48 percent
• B)11.29 percent
• C)11.79 percent
• D)12.08 percent
• E)12.39 percent

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Definitions:

Social Entrepreneur

An individual who establishes an enterprise with the aim of solving societal problems or effecting social change through innovative solutions.

Cause-Related Marketer

A marketing practice where a company and a nonprofit organization form a partnership to promote a social or environmental cause, aiming to generate societal and brand value.

Procompetitive Legislation

Laws designed to encourage competition among businesses, preventing monopolies and promoting fair market practices.

Sherman Antitrust Act

A foundational United States legislation enacted in 1890 to prevent anti-competitive practices, monopolies, and to promote fair competition for the benefit of consumers.