Question
Assume the following ratios are constant. Total asset turnover = 2.24 Profit margin = 5.2 % Equity multiplier = 1.71 Payout ratio = 49 %
Assume the following ratios are constant.
| Total asset turnover | = | 2.24 | |
| Profit margin | = | 5.2 | % |
| Equity multiplier | = | 1.71 | |
| Payout ratio | = | 49 | % |
What is 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.) Sustainable growth rate %
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
