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Devry University
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Devry University
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Abercrombie & Fitch.
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Abercrombie & Fitch.
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You are given the following information for Clapton Guitars, Inc. |
| Â | Â | Â | Â |
| Â Â Profit margin | Â | 6.2 | % |
|   Total asset turnover  |  | 1.8 |  |
| Â Â Total debt ratio | Â | 0.43 | Â |
| Â Â Payout ratio | Â | 30 | % |
| Â | |||
   Â
|
Calculate the sustainable growth rate. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Â Â Sustainable growth rate | % |
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