Question: Assume the following ratios are constant: Total asset turnover 3 . 4 Profit margin 6 . 3 % Equity multiplier 1 . 5 Payout ratio

Assume the following ratios are constant:
Total asset turnover 3.4
Profit margin 6.3%
Equity multiplier 1.5
Payout ratio 30%
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.)

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