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Assume the following ratios are constant. Total asset turnover = 2.20 Profit margin = 4.8 % Equity multiplier = 1.67 Payout ratio = 45 %

Assume the following ratios are constant. Total asset turnover = 2.20 Profit margin = 4.8 % Equity multiplier = 1.67 Payout ratio = 45 % 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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