Question $17$

$10$ pts

For $2023,,$ Incorporated, reported a profit margin of $6\mathrm{.}2$ percent. Total asset turnover was constant at $1\mathrm{.}05.$ The company desires a sustainable growth rate of $13$ percent.

What is the company's retention ratio?

Your answer should have a maximum of four decimal places. For example, for $2\mathrm{.}100101,$ enter $2\mathrm{.}1001.$ For $2\mathrm{.}10000,$ enter $2\mathrm{.}1.$

No new data to save. Last checked at $8$:$00$ pm