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E Loreto Incorporated has the following financial ratios, asset turnover=1.40; net profit margin (i.e., net income/sales) = 6%, payout ratio = 25%; equity/assets =
E Loreto Incorporated has the following financial ratios, asset turnover=1.40; net profit margin (i.e., net income/sales) = 6%, payout ratio = 25%; equity/assets = 0.60. a. What is Loreto's sustainable growth rate? b. What is its internal growth rate? Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. a. Sustainable growth rate b. Internal growth rate % %
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
