Hayesville corporation had net income of $5 million t

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23. Hayesville Corporation had net income of $5 million this year on net sales of $125 million per year. At the beginning of this year, its debt-to-equity ratio was 1.5 and it held $75 million in total liabilities. It paid out $2 million in dividends for the year. What is Hayesville Corporation's sustainable growth rate? 

A. 3%

B. 4%

C. 5%

D. 6% 

Reference no: EM13769686

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