Question
Youve collected the following information about Hendrix Guitars, Incorporated: Profit margin = 4.47% Total asset turnover = 3.80 Total debt ratio = .22 Payout ratio
Youve collected the following information about Hendrix Guitars, Incorporated:
| Profit margin | = | 4.47% |
|---|---|---|
| Total asset turnover | = | 3.80 |
| Total debt ratio | = | .22 |
| Payout ratio | = | 32% |
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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The Handbook Of Financial Communication And Investor Relations
Authors: Alexander V. Laskin
1st Edition
1119240786, 978-1119240785
