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Assume the following ratios are constant: Total asset turnover 3.1 Profit margin 6 % Equity multiplier 1.5 Payout ratio 20 % What is the sustainable
Assume the following ratios are constant: |
Total asset turnover | 3.1 | ||
Profit margin | 6 | % | |
Equity multiplier | 1.5 | ||
Payout ratio | 20 | % | |
What is the sustainable growth rate? |
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