Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Transcribed Image Text:Problem 4-8
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
Sustainable Growth Rate
%
%
%
%
2009
%
5.4
100.0
1.5
1.6
19.2
a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013.
Note: Round your answers to 1 decimal place.
2010
6.3
100.0
1.5
1.6
25.3
2013
2011
2012
6.5 6.9
100.0 100.0
1.5
1.5
1.4
1.8
1.7
1.8
39.5 25.7 28.2
6.9
100.0
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