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CH 3 3 (of 9) 3 112 points Problem 3-12 Sustainable Growth [LO 3 The Crash Davis Driving School has an ROE of 13.7 percent

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CH 3 3 (of 9) 3 112 points Problem 3-12 Sustainable Growth [LO 3 The Crash Davis Driving School has an ROE of 13.7 percent and a payout ratio of 36 percent is its sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. Sustainable growth rate % .32.16.) Hints References eBook& Resources Hint#1

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