单选题
An analyst gathered the following annual data for a company:
A、
Net profit margin
B、
3%
C、
Total asset turnover
D、
2.5
E、
Total asset to equity
F、
2.0
G、
Net income for 2004
H、
$ 20000000
I、
Dividends paid on common stock during 2004(DO)
J、
$ 4000000
K、
Shares of common stock outstanding
L、
2000000
M、
Required rate of return on company's common stock
N、
20%
【正确答案】
C
【答案解析】
ROE=3.0×0.025×2.0=0.15
b=4000000/20000000=0.2
g=ROE×(1-b)=0.15×(1-0.2)=0.12
D
0
=4000000/2000000=2
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