Question
Total Asset Turnover = 2.23 Profit Margin = 5.1% Equity Multiplier = 1.70 Payout Ratio = 48% Find Sustainable Growth Rate. (Do not round intermediate
Total Asset Turnover = 2.23
Profit Margin = 5.1%
Equity Multiplier = 1.70
Payout Ratio = 48%
Find Sustainable Growth Rate. (Do not round intermediate calculations. Enter your answer as percent rounded to 2 decimal places.)
My answer is 23.97% but the system says it's incorrect. Please help.
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Money Locates You
Authors: Joan Ekobena
1st Edition
1774821257, 978-1774821251
