Solved: They also stated the firms return on equity is 12 percent, Accounting Basics

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They also stated the firms return on equity is 12 percent

Question - AF, Inc. announced yesterday that they earned $27,000,000 million this year. They also stated the firm's return on equity is 12% percent. AF retains 60% percent of their earnings. What is the firms earnings growth rate?

Earnings =$27,000,000

ROE =12%

Retention ratio =60%

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Accounting Basics: They also stated the firms return on equity is 12 percent

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Accounting Basics: They also stated the firms return on equity is 12 percent

Reference No:- TGS02790841

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