Last Year, Foley Inc

question 38

Multiple Choice

Last year, Foley Inc.reported total assets of $500, equity of $400, net income of $100, dividends of $50, and earnings retained in the period of $50.What is Foley Inc.'s sustainable growth rate?

• A)17.5 percent
• B)30 percent
• C)10 percent
• D)12.5 percent