Question
You are given the following information for Hendrix Guitars, Inc. Profit margin 5.7 % Total asset turnover 1.5 Total debt ratio .38 Payout ratio 35
| You are given the following information for Hendrix Guitars, Inc. |
| Profit margin | 5.7 | % | |
| Total asset turnover | 1.5 | ||
| Total debt ratio | .38 | ||
| Payout ratio | 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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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
