Question
You are given the following information for Hendrix Guitars, Inc. Profit margin 6.8 % Total asset turnover 1.8 Total debt ratio .49 Payout ratio 30
| You are given the following information for Hendrix Guitars, Inc. |
| Profit margin | 6.8 | % | |
| Total asset turnover | 1.8 | ||
| Total debt ratio | .49 | ||
| 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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Research In Finance
Authors: John W. Kensinger
1st Edition
0857245414, 978-0857245410
