Based on the following information, calculate the sustainable growth rate for Hendrix Guitars, Inc.: Profit margin =
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Based on the following information, calculate the sustainable growth rate for Hendrix Guitars, Inc.:
Profit margin = 4.8%
Total asset turnover = 1.25
Total debt ratio = .65
Payout ratio = 30%
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
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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