1. To calculate sustainable growth rate without using return on equity, the analyst needs the:
a. profit margin.
b. payout ratio.
c. debt-to-equity ratio.
d. total asset turnover.
e. All of the above.
2. Patti's has net income of $1,800, a price-earnings ratio of 12, and earnings per share of $1.20. How many shares of stock are outstanding?
a. 1,200
b. 1,400
c. 1,500
d. 1,600
e. 1,800