A firms profit margin is 24%, and its asset turnover ratio is .5. It has...
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Accounting
A firms profit margin is 24%, and its asset turnover ratio is .5. It has no debt, has net income of $15 per share, and pays dividends of $6 per share. What is the sustainable growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)
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