Use the beginning of period equity in equation

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Better Burgers reported the following numbers (in millions) for the years ending February 2014 and 2015.

Net income    $1,587 Dividends     222 Total assets$13,750   12,938 Total equity 6,381   4,664

What are the internal and sustainable growth rates?

What are the internal and sustainable growth rates using ROE × b and (ROA × b) and the end of period equity (assets)? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

What are the growth rates if you use the beginning of period equity in this equation? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM131308097

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