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You ve collected the following information about Hendrix Guitars, Incorporated: Profit margin = 4 . 4 6 % Total asset turnover = 3 . 7

Youve collected the following information about Hendrix Guitars, Incorporated:
Profit margin =4.46%
Total asset turnover =3.70
Total debt ratio =.23
Payout ratio =31%
What is the sustainable growth rate for the company?
Note: 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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