Question
Assume the following ratios are constant: Total asset turnover 3.00 Profit margin 5.9 % Equity multiplier 1.50 Payout ratio 35 % What is the sustainable
| Assume the following ratios are constant: |
| Total asset turnover | 3.00 | ||
| Profit margin | 5.9 | % | |
| Equity multiplier | 1.50 | ||
| Payout ratio | 35 | % |
| 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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Entrepreneurial Finance
Authors: Chris LeachJ LeachRonald Melicher
3rd Edition
0324561253, 9780324561258
