Dyke Industries has made the following projections for next year. What is their dividend payout ratio?
Return on sales 8.50%
Total asset turnover 1.3
Equity multiplier 1.7
Sustainable growth rate 8.27%
The formula that we were provided in class isn't really doing it for me... Help, ASAP!!!
We were given:
SGR = (Net Income (1-d))/Equity .. and then we were supposed to solve for d
Return on sales 8.50%
Total asset turnover 1.3
Equity multiplier 1.7
Sustainable growth rate 8.27%
The formula that we were provided in class isn't really doing it for me... Help, ASAP!!!
We were given:
SGR = (Net Income (1-d))/Equity .. and then we were supposed to solve for d