Question
Under Armour, Inc. is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 20092013. 2009
Under Armour, Inc. is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 20092013.
| 2009 | 2010 | 2011 | 2012 | 2013 | ||||||
| Profit margin (%) | 5.5 | 6.4 | 6.6 | 7.0 | 7.0 | |||||
| Retention ratio (%) | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |||||
| Asset turnover (X) | 1.5 | 1.5 | 1.5 | 1.5 | 1.4 | |||||
| Financial leverage (X) | 1.6 | 1.6 | 1.8 | 1.7 | 1.8 | |||||
| Growth rate in sales (%) | 20.1 | 26.2 | 40.4 | 26.6 | 29.1 | |||||
a. Calculate Under Armours annual sustainable growth rate for the years 2009 through 2013. (Round your answers to 1 decimal place.)
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The Evolution Of Nordic Finance
Authors: Steffen Elkiær Andersen
2011th Edition
0230241557, 978-0230241558
