Richy M. Inc. has total assets of $900,000, total debt of $400,000, net sales of...
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Richy M. Inc. has total assets of $900,000, total debt of $400,000, net sales of $850,000, and net income of $100,000. The tax rate is 21 percent and the dividend payout ratio is 50 percent. What is the firm's sustainable growth rate, in percentage? (Please, do not round your intermediate calculations. Instead, round your final answer, if necessary, to two decimal places without the percentage symbol (\%). Example, if X/Y=0.24589, enter your answer as 24.59)
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