DJ’s has a total asset turnover rate of 1.13,an equity multiplier of 1.46,a profit margin of 5.28 percent,a retention ratio of .74,and total assets of $138,000.What is the sustainable growth rate?
A)6.98 percent
B)6.89 percent
C)7.33 percent
D)7.04 percent
E)7.21 percent

Question

DJ&#8217;s has a total asset turnover rate of 1.13,an equity multiplier of 1.46,a profit margin of 5.28 percent,a retention ratio of .74,and total assets of $138,000.What is the sustainable growth rate?
A)6.98 percent
B)6.89 percent
C)7.33 percent
D)7.04 percent
E)7.21 percent

Quizplus · Accepted Answer

The Answer of DJ&#8217;s has a total asset turnover rate of 1.13,an equity multiplier of 1.46,a profit margin of 5.28 percent,a retention ratio of .74,and total assets of $138,000.What is the sustainable growth rate?
A)6.98 percent
B)6.89 percent
C)7.33 percent
D)7.04 percent
E)7.21 percent

DJ’s Has a Total Asset Turnover Rate of 1