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

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NEW Loreto Inc has the following financial ratios: asset turnover = 2.20; net profit margin (le, 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 Intemal growth rate 22.67% 10.18% b

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