NO.PZ2016012102000100
问题如下:
Please calculate the sustainable growth rate.
选项:
A. 10%.
B. 14.4%.
C. 15%.
解释:
B is correct.
by formula: sustainable growth rate = (retention rate)(ROE)
ROE = net profit margin x asset turnover x equity multiplier = (0.2)(0.8)(1.5) = 0.24
g = 0.6*(0.24) = 14.4%
为什么要乘以0.6呢?