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Assume the following ratios are constant: Total asset turnover 2.1 Profit margin 9.3% Equity mu

Posted: Fri Jul 01, 2022 7:50 am
by answerhappygod
Assume the following ratios are constant:
Total asset turnover 2.1
Profit margin 9.3%
Equity multiplier 1.7
Payout ratio 30%
What is the sustainable growth rate? (in %) Round 4 places.