Planks plants had net income of 5000 on sales of 90000 last

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Plank's Plants had net income of $5,000 on sales of $90,000 last year. The firm paid a dividend of $1,550. Total assets were $300,000, of which $150,000 was financed by debt.. What is the firm's sustainable growth rate?Sustainable growth rage %. If the firm grows at its sustainable growth rate, how much debt will be issued next year?

Reference no: EM13569251

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