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Assume the following ratios are constant Total asset turnover Profit margin Equity multiplier Payout ratio 2.17 4.5% 1.64 42% What is the sustainable growth rate?

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Assume the following ratios are constant Total asset turnover Profit margin Equity multiplier Payout ratio 2.17 4.5% 1.64 42% 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 1% References eB ook& Resources Worksheet Learning Objective: 03-03 Assess the determinants of a firms profitability and growth. Difficulty: 1 Basic Section: 3.4 Internal and Sustainable Growth Check my work

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