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If a company has the following financial ratios. What is the sustainable growth rate? Total asset turnover = 2.65, Profit Margin = 5.7%, Equity multiplier

If a company has the following financial ratios. What is the sustainable growth rate?

Total asset turnover = 2.65, Profit Margin = 5.7%, Equity multiplier = 1.6, Payout ratio = 70%.

The answer is 7.82%. Please show me how you get the answer in details.

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