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A firm’s profit margin is 18%, and its asset turnover ratio is .5. It has no...

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Finance

A firm’s profit margin is 18%, and its asset turnover ratio is.5. It has no debt, has net income of $50 per share, and paysdividends of $35 per share.

What is the sustainable growth rate? (Do not round intermediatecalculations. Enter your answer as a percent rounded to 1 decimalplace.)

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A firm’s profit margin is 18%, and its asset turnover ratio is.5. It has no debt, has net income of $50 per share, and paysdividends of $35 per share.What is the sustainable growth rate? (Do not round intermediatecalculations. Enter your answer as a percent rounded to 1 decimalplace.)

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