Multiple Choice
Hatter Enterprises has a return on sales of 15%, a total asset turnover of 1.2 and an equity multiplier of 2.0. If the company is projecting a dividend payout ratio of 40%, calculate the firms' sustainable growth rate.
A) 15.8%
B) 17.2%
C) 19.4%
D) 21.6%
Correct Answer:

Verified
Correct Answer:
Verified
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