Finance Assignment | Top Essay Writing

For the most recent year, Camargo, Inc., had sales of $554,000, cost of goods sold of $246,230, depreciation expense of $62,900, and additions to retained earnings of $75,300. The firm currently has 22,500 shares of common stock outstanding and the previous year’s dividends per share were $1.35. Assuming a 25 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Times interest earned times High Flyer, Inc., wishes to maintain a growth rate of 17.75 percent per year and a debt- equity ratio of 1.25.

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The profit margin is 4.1 percent, and total asset turnover is constant at 1.01. 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.) a. Dividend payout ratio b. Sustainable growth rate. Get Finance homework help today