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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 (%) | 15.7 | 16.7 | 15.7 | 14.5 | 10.7 |
Retention ratio (%) | 81.5 | 80.4 | 78.7 | 74.5 | 59.7 |
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 (%) | .9 | 7.7 | 12.4 | 3.2 | 3.7 |
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.
Year Sustainable Growth Rate
2009 ? %
2010 ? %
2011 ? %
2012 ? %
2013 ? %
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