Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are selected financial data for the
company for the period 2009 to 2013.
Profit margin (%)
Retention ratio (%)
Asset turnover (X)
Financial leverage (X)
Growth rate in sales (%)
Year
2009
2010
2011
2012
2013
2009
5.4
100.0
1.5
1.6
19.9
Sustainable Growth Rate
%
%
%
%
%
2010
6.3
100.0
1.5
1.6
26.0
2011
6.5
100.0
1.5
1.8
40.2
2012
6.9
100.0
1.5
1.7
26.4
a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013.
Note: Round your answers to 1 decimal place.
2013
6.9
100.0
1.4
1.8
28.9
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Transcribed Image Text:Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 2009 to 2013. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Year 2009 2010 2011 2012 2013 2009 5.4 100.0 1.5 1.6 19.9 Sustainable Growth Rate % % % % % 2010 6.3 100.0 1.5 1.6 26.0 2011 6.5 100.0 1.5 1.8 40.2 2012 6.9 100.0 1.5 1.7 26.4 a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013. Note: Round your answers to 1 decimal place. 2013 6.9 100.0 1.4 1.8 28.9
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