Problem:
Emerson Equine Supplies earned $72,000 in 2012 and pad dividends of $44,640. The firm had equity of $150,000 at the beginning of the year. At the end of the year, the company had total assets of $195,000. During the year, the company sold no new equity.
Required:
Question: What is the sustainable growth rate?
Note: Please provide full description.