Question
Assume the following ratios are constant: Total asset turnover2.8 Profit margin5.7% Equity multiplier1.5 Payout ratio22% What is the sustainable growth rate? (Do not round intermediate
Assume the following ratios are constant:
Total asset turnover2.8
Profit margin5.7%
Equity multiplier1.5
Payout ratio22%
What is the sustainable growth rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ?
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
