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Stryker Corporation is a leading medical technology company headquartered in Kalamazoo, Michigan, that trades on the New York Stock Exchange. Following are selected nancial data
Stryker Corporation is a leading medical technology company headquartered in Kalamazoo, Michigan, that trades on the New York Stock Exchange. Following are selected nancial data for Stryker for the period 2009 to 2013.
2009 | 2010 | 2011 | 2012 | 2013 | |
---|---|---|---|---|---|
Profit margin (%) | 17.0 | 18.0 | 17.0 | 15.8 | 12.0 |
Retention ratio (%) | 82.8 | 81.7 | 80.0 | 75.8 | 61.0 |
Asset turnover (X) | 0.70 | 0.70 | 0.70 | 0.70 | 0.60 |
Financial leverage (X) | 1.70 | 1.70 | 1.70 | 1.70 | 1.80 |
Growth rate in sales (%) | 1.1 | 9.0 | 13.7 | 4.5 | 5.0 |
Source: Data from Stryker 2009 to 2013 annual reports.
Calculate Strykers annual sustainable growth rate from 2009 through 2013.
Note: Round your answers to 1 decimal place.
YearSustainable Growth Rate
2009
2010
2011
2012
2013
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