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Presentation TitleFPPT.com

FAJAR KRISTANTO G P 041411331020MADE KARTIKA D U 041411331072PUTRI ROUDINA M 041411331084SINDY FIRDAUZI 041411331157

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22. Sustainable Growth andOutside Financing

•  You’v !o""!#$ #% &o""o'()* ()&o+,-#(o) -.ou# S#/P(++ I)!/ – S-" 15000

 – N# ()!o, 17500

 –

D(v($)$ 300 – To#-" $.# 86000

 – To#-" u(# 58000

• 9%-# ( #% u#-()-." *+o'#% +-# &o+ S#/ P(++

I)!/: I& (# $o *+o' -# #%( +-#

• ;o' ,u!% )' .o++o'()* '("" #-

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SOLUTION

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• I& #% !o,=-) *+o' -# #% u#-()-." *+o'#%+-# #% )' "v" o& #o#-" -# (

• N' TA @ 1/164786000 B 58000C @

167710/84

•  To ?)$ #% )' "v" o& $.# () #% !o,=-)’.-"-)! %# ' #-

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• #% -$$(#(o)-" .o++o'()* '("" .

• A$$(#(o)-" .o++o'()* @ 100160/04 >

86000• A$$(#(o)-" .o++o'()* @ 14160/64

•  T% *+o'#% +-# #%-# !-) . u==o+#$

'(#% )o ou#($ ?)-)!()* ( #% ()#+)-"*+o'#% +-#/ To !-"!u"-# #% ()#+)-"*+o'#% +-# ' ?+# )$ #% ROA'%(!% (

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 T%( ,-) #% ()#+)-" *+o'#% +-# (

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23. Sustainable Growth ate

• o%$ I)!/ %-$ u(# o& 135000 -# #%.*())()* o& #% -+/ A# #% )$ o& #% -+ #%!o,=-) %-$ total assets o! "2#$%$$$/ Du+()*#% -+ #% !o,=-) o"$ )o )' u(#/ Net

income &o+ #% -+ '- "&'%$$$ -)$ di(idendswere "2%#$$/

• 9%-# ( #% u#-()-." *+o'#% +-# &o+ #%!o,=-):

•

9%-# ( #% u#-()-." *+o'#% +-# (& ou u #%&o+,u"- ROE b -)$ .*())()* o& =+(o$ u(#:

• 9%-# ( #% u#-()-." *+o'#% +-# (& ou u )$o& =+(o$ u(# () #%( &o+,u"-: I #%( )u,.+ #oo%(*% o+ #oo "o': 9%:

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SOLUTION

•  

•  

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Sustainable Growth ate usingO) * b and +eginning o! Period),uit-•  

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c. Sustainable Growth ate usingO) * b and )nding o! Period ),uit-

•  

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d. Is This Number too igh ortoo Low. /h-0

• U()* #% )$ o& =+(o$ ROE () #%%o+#)$ u#-()-." *+o'#% +-# +u"#() - *+o'#% +-# #%-# ( #oo "o'/ T%( '(""-"'- o!!u+ '%)v+ #% u(#()!+-/

• I& u(# ()!+- #% ROE .-$ o) )$o& =+(o$ u(# ( "o'+ #%-) #% ROE

.-$ o) #% .*())()* o& =+(o$ u(#/ T% ROE -)$ u#-()-." *+o'#% +-#C ()#% -..+v(-#$ u-#(o) ( .-$ o)u(# #%-# $($ )o# (# '%) #% )#

()!o, '- -+)$/

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21. Internal Growth ates

• -"!u"-# #% ()#+)-" *+o'#% +-# &o+#% !o,=-) () #% =+v(ou=+o.",/

• No' !-"!u"-# #% ()#+)-" *+o'#%+-# u()* ROA b &o+ .o#%.*())()* o& =+(o$ -)$ )$ o& =+(o$

#o#-" -#/• 9%-# $o ou o.+v:

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SOLUTION

•

 To !-"!u"-# .*())()* o& =+(o$ -#  – *())()* -# @ E)$()* -# > A$$(#(o) #o

+#-()$ -+)()*

 – *())()* -# @ 250000 > 16500

 –

+eginning assets "233%#$$• So #% ROA u()* beginning o! eriod

-# (

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•  T% ROA u()* end o! eriod -# (

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Internal growth rate

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Internal growth rate usingO4 5 b 

+eginning Period )nding Period

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2#. 6alculating )FN

•  T% ,o# +!)# ?)-)!(-" #-#,)# &o+Moo Tou+ I)!/ &o""o'/ S-" &o+ 200-+ =+oH!#$ #o *+o' . 20 =+!)#/I)#+# =) '("" +,-() !o)#-)# #%#- +-# -)$ #% $(v($)$ =-ou# +-# '(""-"o +,-() !o)#-)#/ o# o#%+=) !u++)# -# -)$ -!!ou)#

=--." ()!+- =o)#-)ou" '(#%-"/ I& #% ? +, ( o=+-#()* -# &u""!-=-!(# -)$ )o )' $.# o+

• u(# ( (u$ '%-# #+)-" ? )-)!()* (

)$$ #o u==o+# #% 20 =+!)# *+o'#%

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