Assume the following ratios are constant, What is the sustainable growth rate? (Do not round intermediate calculations.
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Question:
Assume the following ratios are constant, 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.)
Total asset turnover 2.9
Profit margin 6.9%
Equity multiplier 2
Payout ratio 35%
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