Problem 3-13 Sustainable Growth [LO 3]

Profit margin	=		8.7	%
Capital intensity ratio	=		.48
Debt-equity ratio	=		.63
Net income	=	$	98,000
Dividends	=	$	44,500

Required:

Based on the above information, calculate the sustainable growth rate for Northern Lights Co. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Sustainable growth rate

%