Question
You are given the following information for Hendrix Guitars, Inc. Profit margin 6.3 % Total asset turnover 1.75 Total debt ratio .35 Payout ratio 30
You are given the following information for Hendrix Guitars, Inc. Profit margin 6.3 % Total asset turnover 1.75 Total debt ratio .35 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.)
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
