macmahonj
May 15, 2015, 11:45 AM
I have been trying but cannot get the correct answer:
Bio-Plasma Corp. is growing at 26% per year. It is all-equity-financed and has total assets of $2.4 million. Its return on equity is 18%. Its plowback ratio is 42%.
I have come up with 10.44 and 13.32 and both are wrong. Could someone give me the correct formula using these numbers?
Bio-Plasma Corp. is growing at 26% per year. It is all-equity-financed and has total assets of $2.4 million. Its return on equity is 18%. Its plowback ratio is 42%.
I have come up with 10.44 and 13.32 and both are wrong. Could someone give me the correct formula using these numbers?