Question
Assume the following ratios are constant: Total asset turnover2.6 Profit margin5.5% Equity multiplier1.4 Payout ratio20% What is the sustainable growth rate?
Assume the following ratios are constant:
Total asset turnover2.6
Profit margin5.5%
Equity multiplier1.4
Payout ratio20%
What is the sustainable growth rate?
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
5th Canadian edition
978-1118024492
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