In: Finance
High Flyer, Inc., wishes to maintain a growth rate of 16.25 percent per year and a debt-equity ratio of .95. The profit margin is 4.7 percent, and total asset turnover is constant at 1.07. | |
a. | What is the dividend payout ratio? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
b. | What is the maximum sustainable growth rate for this company? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
|
I have solved the question two different ways and I keep getting thosee answers above and it says they are wrong please help me!