You are given the following information for Hendrix Guitars, Inc. ...
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Finance
You are given the following information for Hendrix Guitars, Inc.
Profit margin
6.9
%
Total asset turnover
1.3
Total debt ratio
.50
Payout ratio
35
%
Calculate 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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