Based on the following information, calculate the sustainable growth rate for Wiggins, Inc.: Profit margin = 10.5%
Question:
Based on the following information, calculate the sustainable growth rate for Wiggins, Inc.:
Profit margin = 10.5%
Total asset turnover = 1.40
Total debt ratio = .20
Payout ratio = 15%
What is the ROA here?
Asset TurnoverAsset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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