Wilkinson and Daughters Has Net Income of $415,400,total Assets of $2.2

question 82

Multiple Choice

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?

• A) 9.69 percent
• B) 11.06 percent
• C) 12.98 percent
• D) 13.93 percent
• E) 14.15 percent

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Definitions:

Germ Layer

One of the three primary layers of cells (ectoderm, mesoderm, and endoderm) in the very early embryo, from which all tissues and organs develop.

Digestive Tube

The tubular passage functioning in the digestion and absorption of food and the elimination of food residues, stretching from the mouth to the anus.

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, giving rise to the outer layer of skin, brain, and nervous system.

Embryonic Development

The process by which the embryo is formed and develops, beginning with fertilization and ending at birth or hatching.