What is the sustainable growth


Assume the following ratios are constant:

Total asset turnover 2.9

Profit margin 5.8 %

Equity multiplier 1.5

Payout ratio 30 %

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.)

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Financial Management: What is the sustainable growth
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