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Lester, Inc. has a 12 percent profit margin and a 45 percent dividend payout ratio. The total asset turnover is 0.80 and the equity multiplier
Lester, Inc. has a 12 percent profit margin and a 45 percent dividend payout ratio. The total asset turnover is 0.80 and the equity multiplier is 1.60. What is the sustainable rate of growth?
8.87% | ||
9.71% | ||
9.23% | ||
8.62% | ||
8.48% |
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