Question
Assume the following ratios are constant. Total asset turnover = 2.33 Profit margin = 6.1 % Equity multiplier = 1.80 Payout ratio = 32 %
Assume the following ratios are constant.
| Total asset turnover | = | 2.33 | |
| Profit margin | = | 6.1 | % |
| Equity multiplier | = | 1.80 | |
| Payout ratio | = | 32 | % |
What is the ROE?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE % What is the sustainable growth rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
