The Green Giant has a 5% profit margin and a 40% dividend payout ratio.The total asset turnover is 1.40 and the equity multiplier is 1.50.What is the sustainable rate of growth?
A) 6.30%
B) 6.72%
C) 6.83%
D) 6.90%
E) 6.93%
Correct Answer:
Verified
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