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The total asset turnover is 16 times and the equity

Question - The Green Giant has a 5 percent profit margin and a 34 percent dividend payout ratio. The total asset turnover is 1.6 times and the equity multiplier is 1.5 times. What is the sustainable rate of growth?

A. 12.90%

B. 8.60%

C. 12.00%

D. 2.40%

E. 16.32%

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Accounting Basics: The total asset turnover is 16 times and the equity

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