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You are given the following information for Hendrix Guitars, Inc. Profit margin Total asset turnover Total debt ratio 1 Payout ratio 6.3% 1.6 .44 35%

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You are given the following information for Hendrix Guitars, Inc. Profit margin Total asset turnover Total debt ratio 1 Payout ratio 6.3% 1.6 .44 35% 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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