Question
Assume the following ratios are constant: Total asset turnover1.9 Profit margin8.6% Equity multiplier1.1 Payout ratio25% What is the sustainable growth rate? (in %) (round 4
Assume the following ratios are constant:
Total asset turnover1.9
Profit margin8.6%
Equity multiplier1.1
Payout ratio25%
What is the sustainable growth rate? (in %) (round 4 decimal places)
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
132928930, 978-0132928939
