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A firm's profit margin is 15%, and its asset turnover ratio is 0.7. It has no debt, has net income of $35 per share, and
A firm's profit margin is 15%, and its asset turnover ratio is 0.7. It has no debt, has net income of $35 per share, and pays dividends of $14 per share. What is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) Answer is complete but not entirely correct. Sustainable growth rate 9.0 X %
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