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Use the following data to solve for the organization's sustainable growth rate for each year. Profit Margin Retention Ratio Asset Turnover Financial Leverage Sustainable Growth

Use the following data to solve for the organization's sustainable growth rate for each year.

Profit Margin Retention Ratio Asset Turnover Financial Leverage Sustainable Growth Rate Actual Growth Rate 2016 17 0.38 1.64 26.1 2017 17 0.49 1.44 40.1 2018 79.3 0.55 1.79 43.5 2019 22.8 1 0.63 1.99 40 2020 23.5 0.62 25.3

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