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4 10 points You are given the following information for Hendrix Guitars, Incorporated: Profit margin Total asset 6.6% 1.9 turnover Total debt ratio .47
4 10 points You are given the following information for Hendrix Guitars, Incorporated: Profit margin Total asset 6.6% 1.9 turnover Total debt ratio .47 03:51:28 Payout ratio 20% Calculate the sustainable growth rate. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) > Answer is complete but not entirely correct. Sustainable growth rate 2.80%
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
