The newspaper reported last week that Harrington Enterprises earned $21 million this year. The report also stated that the firm’s ROE is 8 percent. (You can assume that the ROE is a fair representation of the return earned by reinvested money.) Harrington retains 70 percent of its earnings.What is the firm's earnings growth rate? (Answer as a percentage (without the "%" sign) and with two decimal places. For example, if the return is 3.21%, your answer should be 3.21.)

In its first year of operations, Harrington Pty Ltd earned $573,000 in services revenue, $217,740 of which was on account and still outstanding at the end of the reporting period. The remaining $355,260 was received in cash from customers. The company paid expenses of $343,800 in cash. Included in the $343,800 paid is $23,100 for insurance coverage that will not be used until the second year. Additionally, there is $37,000 still owing on account at the end of the reporting period.Important:Enter amounts without "$" sign or any thousands separators, i.e. $46,000 should be written as 46000. For cash-based or accrual-based loss, enter the minus (-) sign in front of the amount, i.e. -45. For expenses, enter amounts without the minus (-) sign.Required:a. Apply cash accounting to calculate the first year profit of Harrington Pty Ltd.Income = $Answer 1 Question 1Expenses = $Answer 2 Question 1Cash-based profit = $Answer 3 Question 1

If a company has a return on equity of 25% and wants a growth rate of 10%, how much of ROE should be retained? A. 40% B. 50% C. 60% D. 70%

During the year, Squid Roe Inc.'s revenues were $200,000 and its net income was $60,000. It had not preferred shares, and its stockholders' equity and total assets were $380,000 and $780,000 at the beginning of the year and $420,000 and $900,000 at year-end, respectively. ROE (rounded to the nearest tenth of a percent) equals ______.Multiple choice question.7.1%6.7%15.0%14.3%50.0%

Question 3Assume a firm earns net income of $10,000 with total assets of $200,000 - half of which is debt - and has 20,000 shares outstanding. Based on this information, its EPS (earnings per share), ROA (return on assets) and ROE (return on equity) are respectively:1 point$2.00; 5%; 10%$2.00; 10%; 5%$0.50; 5%; 5%$0.50; 5%; 10%None of the above

Suppose that Bookface has earnings per share (expected next year) of $6.20 and that Bookface’s discount rate for equity is 12%. Instead of your answer above, Bookface is trading at $160 per share. What is the present value of Bookface's growth opportunities per share? Do not include the $ sign and answer to the nearest $0.01.