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Dance World has a net profit margin of 5 percent and a dividend payout ratio of 20 percent. The total asset turnover is 1.6 and

Dance World has a net profit margin of 5 percent and a dividend payout ratio of 20 percent. The total asset turnover is 1.6 and the debt-equity ratio is .4. What is the sustainable growth rate?

  • 11.20%

  • 9.60%

  • 10.89%

  • 9.26%

  • 9.84%

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