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Loreto Incorporated has the following financial ratios: asset turnover = 2 . 0 0 ; net profit margin ( i . e . , net

Loreto Incorporated has the following financial ratios: asset turnover =2.00; net profit margin (i.e., net income/sales)=7%; payout ratio =30%; equity/assets =0.60.
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.
\table[[a. Sustainable growth rate,,%
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