The newspaper reported last week that Bennington Enterprises earned $34.09 million this year. The report...
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Accounting
The newspaper reported last week that Bennington Enterprises earned $34.09 million this year. The report also stated that the firm's return on equity is 18 percent. The firm retains 70 percent of its earnings. What is the firm's earnings growth rate? (Do not round intermediote calculations and enter your onswer as a percent rounded to 2 decimal places, e.g., 32.16.) What will next year's earnings be? (Do not round intermediate colculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567 )
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