Explain the sustainable growth rate

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Question: Assume the following ratios are constant. Total asset turnover = 2.23 Profit margin = 5.1 % Equity multiplier = 1.70 Payout ratio = 48 % What is 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.) Sustainable growth rate %?

Reference no: EM131936948

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