Question
You are given the following information for Hendrix Guitars, Inc. Profit margin 7.0 % Total asset turnover 1.5 Total debt ratio .51 Payout ratio 40
| You are given the following information for Hendrix Guitars, Inc. |
| Profit margin | 7.0 | % | |
| Total asset turnover | 1.5 | ||
| Total debt ratio | .51 | ||
| Payout ratio | 40 | % | |
| 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.) |
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Essentials Of Finance
Authors: Kent A. Hickman, John W. Byrd , Matthew McPherson
1st Edition
1621782999
