Calculate sustainable growth rate for hendrix guitars inc

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Reference no: EM132691837

You are given the following information for Hendrix Guitars, Inc.

Profit margin 6.1%

Total asset turnover 1.1

Total debt ratio .42

Payout ratio 25%

Problem 1: Calculate the sustainable growth rate. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM132691837

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