Growth Rate: If the retention ratio is ((Net Income – Dividends)/Net Income), and the net income amount is $5.07 Billion, the dividends totaled $3.92 Billion, and total equity is $3.014 Billion, what is the retention ratio? What is the return on equity? What is the growth rate for the firm?
Please show all calculations in Excel. No credit will be earned unless you show your calculations.