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If the Crash Davis Driving School has an ROE of 14.5 percent and a payout ratio of 30 percent. Required: What is its sustainable growth

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If the Crash Davis Driving School has an ROE of 14.5 percent and a payout ratio of 30 percent. Required: What is its sustainable growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Sustainable growth rate Fulkerson Manufacturing wishes to maintain a sustainable growth rate of 8 percent a year, a debt-equity ratio of .65, and a dividend payout ratio of 30 percent. The ratio of total assets to sales is constant at 1.25. Required: What profit margin must the firm achieve? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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