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Youve collected the following information about Hendrix Guitars, Incorporated: Profit margin = 4.4% Total asset turnover = 3.10 Total debt ratio = .29 Payout ratio
Youve collected the following information about Hendrix Guitars, Incorporated:
Profit margin | = | 4.4% |
---|---|---|
Total asset turnover | = | 3.10 |
Total debt ratio | = | .29 |
Payout ratio | = | 25% |
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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