Solved: They also stated the firms return on equity is 16 percent, Finance Basics

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They also stated the firms return on equity is 16 percent

Airfoil, Inc. announced yesterday that they earned $34,000,000 million this year. They also stated the firm's return on equity is 16% percent. Airfoil retains 80% percent of their earnings. What is the firms earnings growth rate?

Earnings $34,000,000

ROE 16%

Retention ratio 80%

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Finance Basics: They also stated the firms return on equity is 16 percent

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