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Problem 4-20 Sustainable Growth (LO3] You are given the following information for Hendrix Guitars, Inc. Profit margin 5.5% Total asset 1.1 turnover Total debt ratio

Problem 4-20 Sustainable Growth (LO3] You are given the following information for Hendrix Guitars, Inc. Profit margin 5.5% Total asset 1.1 turnover Total debt ratio Payout ratio 36 25% Calculate the sustainable growth rate. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Sustainable growth rate %

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