Problem $4-9$

Hasbro, Incorporated, sells toys and games in over $120$ countries, including popular brands such as Nerf and Play$-$Doh. The following are selected $$nancial data for the company for the period $2012$ to $2016.$

$20122013201420152016$

Profit margin $(\%)7\mathrm{.}46\mathrm{.}48\mathrm{.}99\mathrm{.}910\mathrm{.}9$

Retention ratio $(\%)31\mathrm{.}944\mathrm{.}946\mathrm{.}944\mathrm{.}053\mathrm{.}9$

Asset turnover $($X$)0\mathrm{.}890\mathrm{.}840\mathrm{.}850\mathrm{.}850\mathrm{.}90$

Financial leverage $($X$)3\mathrm{.}042\mathrm{.}842\mathrm{.}593\mathrm{.}143\mathrm{.}04$

Growth rate in sales $(\%)(3\mathrm{.}9)(1\mathrm{.}9)3\mathrm{.}93\mathrm{.}411\mathrm{.}9$

Source: Data from Hasbro $2012$ to $2016$ annual reports

Calculate Hasbro$$s annual sustainable growth rate from $2012$ through $2016.$

Note: Round your answers to $1$ decimal place.