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Loreto Inc. has the following financial ratios: asset turnover = 2.20; net profit margin (.e., net income/sales) = 6%; payout ratio = 30% equity/assets=0.50 a.

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Loreto Inc. has the following financial ratios: asset turnover = 2.20; net profit margin (.e., net income/sales) = 6%; payout ratio = 30% equity/assets=0.50 a. What is Loreto's sustainable growth rate? b. What is its internal growth rate? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. a. Sustainable growth rate Internal growth rato 3.82% 1.913 % b

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