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You are given the following information for Hendrix Guitars, Inc. 7.2% Profit margin Total asset turnover Total debt ratio Payout ratio 1.6 .53 20% k

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You are given the following information for Hendrix Guitars, Inc. 7.2% Profit margin Total asset turnover Total debt ratio Payout ratio 1.6 .53 20% k ces Calculate the sustainable growth rate. (Do not round intermediate calculations a enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate I %

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