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QUESTION
Assume the following ratios are constant, What is the sustainable growth rate?
Assume the following ratios are constant, What is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Total asset turnover 2.9
Profit margin 6.9%
Equity multiplier 2
Payout ratio 35%
