Assume the following ratios are constant: Total asset turnover 2.10 Profit margin 5.0 % Equity multiplier 1.20
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Question:
Assume the following ratios are constant: |
Total asset turnover | 2.10 | ||
Profit margin | 5.0 | % | |
Equity multiplier | 1.20 | ||
Payout ratio | 20 | % |
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.) |
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