Question
You are given the following information for Hendrix Guitars, Inc. Profit margin 6.2 % Total asset turnover 1.8 Total debt ratio .43 Payout ratio 30
You are given the following information for Hendrix Guitars, Inc.
| Profit margin | 6.2 | % | |
| Total asset turnover | 1.8 | ||
| Total debt ratio | .43 | ||
| Payout ratio | 30 | % | |
| Calculate the sustainable growth rate. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| Sustainable growth rate | % |
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Shipping Finance A Practical Handbook
Authors: Stephenson Harwood
4th Edition
1787421406, 978-1787421400
