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kiruha [24]
4 years ago
14

Under Armour, Inc. is an American supplier of sportswear and casual apparel. Following are selected financial data for the compa

ny for the period 2009â2013.2009 2010 2011 2012 2013Profit margin (%) 5.6 6.5 6.7 7.1 7.1 Retention ratio (%) 100.0 100.0 100.0 100.0 100.0 Asset turnover (X) 1.6 1.6 1.6 1.6 1.5 Financial leverage (X) 1.7 1.7 1.9 1.8 1.9 Growth rate in sales (%) 18.7 24.8 39.0 25.2 27.7 Calculate Under Armourâs annual sustainable growth rate for the years 2009 through 2013. (Round your answers to 1 decimal place.)

Business
1 answer:
3241004551 [841]4 years ago
8 0

Answer:

Please see attachment .

Explanation:

Please see attachment .

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This really looks like a multiplication here. Let me see if this can be helpful to you: If we proceed like this:
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