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This one has me stumped. Please help. Loreto Incorporated has the following financial ratios: asset turnover =2.00; net profit margin (i.e., net income/sales) =4%; payout

This one has me stumped. Please help.

image text in transcribed Loreto Incorporated has the following financial ratios: asset turnover =2.00; net profit margin (i.e., net income/sales) =4%; payout ratio =35%; equity/assets =0.30. a. What is Loreto's sustainable growth rate? b. What is its internal growth rate? Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places

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