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Stryker Corporation is a leading medical technology company headquartered in Kalamazoo, MI, that trades on NYSE. Below, you will find selected financial data for Stryker

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Stryker Corporation is a leading medical technology company headquartered in Kalamazoo, MI, that trades on NYSE. Below, you will find selected financial data for Stryker for the period 2009-2013 (Source: Stryker Annual Reports). Based on the information provided, answer questions a through c below a. Calculate Stryker's annual sustainable growth rate from 2009 through 2013 b. What growth management challenges did Stryker face during these years? NOTE: Answer this just based on what you can make of your calculations from the information provided. HINT: Calculate the sustainable growth rate (SGR) for Stryker for each of these years. Please pay attention to units of measurements, else you will get bizarre calculated SGRs. c. How did Stryker deal with its growth management challenge? NOTE: Again, answer this just based on what you can make of your calculations from the information provided. You also need to look at the changing composition of the sustainable growth rate (SGR). Remember that the SGR is made up of the plow-back ratio, the Net Profit Margin, the Total Asset Turnover, and the Equity Multiplier Ratios and Actual Gorwth Rates of Strvker C 009 2010 2011 12012 2013 16.5017.40 16 2015.0011 Retention Ratio(%) sset Turnover (X) 0,70 0,70 0.70 0,70 l0.60 Multiplier (X) 1.70 1.70 1.70 1.70 1.80 rowth Rate in Sales 0 0.10 8

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