Joshuas antiques has a total asset turnover rate of 12 an


Joshua's Antiques has a total asset turnover rate of 1.2, an equity multiplier of 1.4, a profit margin of 5 percent, a retention ratio of 0.8, and total assets of $120,000. What is the sustainable growth rate?

6.98 percent
7.20 percent
7.33 percent
7.54 percent
7.91 percent

 

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Finance Basics: Joshuas antiques has a total asset turnover rate of 12 an
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