问题
单项选择题
An analyst does research about sustainable growth rate and gathers the following information about a company for 2011:
·Net income is $2 000 000
·Common dividends paid is $900000
·Average assets is $12000000
·Average liabilities is $3500000
The company's sustainable growth rate is closest to:（）
A. 9.17%
B. 10.59%
C. 12.94%
答案
参考答案：C
解析：
g=ROE×RR=[net income/(assets-liabilities)]×(1-payout ratio)=[$2000000/($12000000-$3500000)]×(1-$900000/$2000000)=23.53%×0.55=12.94%。