Sustainable growth rate: Courtney Bike Company has a net profit margin of 7.8 percent, a debt ratio of 45 percent, total assets of $2,112,370, and sales of $4,276,990. If the company has a dividend payout ratio of 60 percent, what is the company's sustainable growth rate?
A) 17.2%
B) 15.6%
C) 11.5%
D) 18.9%
Correct Answer:
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