The Crash Davis Driving School has an ROE of 16.9 percent and a payout ratio of 68 percent.

What is its 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             %

Answer rating: 100% (QA)

The sustainable growth rate can be calculated using the formula Sustain... View the full answer