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Loreto Incorporated has the following financial ratios: asset turnover =1.80; net profit margin (i.e., net income/sales) =5%; payout ratio =30%; equity/assets =0.90. a. What is
Loreto Incorporated has the following financial ratios: asset turnover =1.80; net profit margin (i.e., net income/sales) =5%; payout ratio =30%; equity/assets =0.90. 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. Answer is complete but not entirely correct
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