Hasbro, Incorporated, sells toys and games in over 120 countries, including popular brands such as Nerf and Play-Doh. The following are selected financial data for the company for the period 2012 to 2016. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Source: Data from Hasbro 2012 to 2016 annual reports 2012 8.7 33.2 1.02 3.17 (5.2) 2013 7.7 46.2 0.97 2.97 (3.2) 2014 10.2 48.2 0.98 2.72 5.2 Calculate Hasbro's annual sustainable growth rate from 2012 through 2016. 2015 11.2 57.0 0.98 3.27 4.7 2016 12.2 55.2 1.03 3.17 13.2
Hasbro, Incorporated, sells toys and games in over 120 countries, including popular brands such as Nerf and Play-Doh. The following are selected financial data for the company for the period 2012 to 2016. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Source: Data from Hasbro 2012 to 2016 annual reports 2012 8.7 33.2 1.02 3.17 (5.2) 2013 7.7 46.2 0.97 2.97 (3.2) 2014 10.2 48.2 0.98 2.72 5.2 Calculate Hasbro's annual sustainable growth rate from 2012 through 2016. 2015 11.2 57.0 0.98 3.27 4.7 2016 12.2 55.2 1.03 3.17 13.2
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
Problem 7EP
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![Hasbro, Incorporated, sells toys and games in over 120 countries, including popular brands such as Nerf and Play-Doh. The following
are selected financial data for the company for the period 2012 to 2016.
Profit margin (%)
Retention ratio (%)
Asset turnover (X)
Financial leverage (X)
Growth rate in sales (%)
Source: Data from Hasbro 2012 to 2016 annual reports
Year
2012
2013
2014
2015
2016
2012
Sustainable Growth Rate
%
%
%
%
%
8.7
33.2
1.02
3.17
(5.2)
2013
7.7
46.2
0.97
2.97
(3.2)
2014
Calculate Hasbro's annual sustainable growth rate from 2012 through 2016.
Note: Round your answers to 1 decimal place.
10.2
48.2
0.98
2.72
5.2
2015
11.2
57.0
0.98
3.27
4.7
2016
12.2
55.2
1.03
3.17
13.2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6c65c51e-809c-4181-a483-1663b2af372c%2Fd50b3e4d-07fc-4ef5-997c-caa9949d1e90%2Fem31obv_processed.png&w=3840&q=75)
Transcribed Image Text:Hasbro, Incorporated, sells toys and games in over 120 countries, including popular brands such as Nerf and Play-Doh. The following
are selected financial data for the company for the period 2012 to 2016.
Profit margin (%)
Retention ratio (%)
Asset turnover (X)
Financial leverage (X)
Growth rate in sales (%)
Source: Data from Hasbro 2012 to 2016 annual reports
Year
2012
2013
2014
2015
2016
2012
Sustainable Growth Rate
%
%
%
%
%
8.7
33.2
1.02
3.17
(5.2)
2013
7.7
46.2
0.97
2.97
(3.2)
2014
Calculate Hasbro's annual sustainable growth rate from 2012 through 2016.
Note: Round your answers to 1 decimal place.
10.2
48.2
0.98
2.72
5.2
2015
11.2
57.0
0.98
3.27
4.7
2016
12.2
55.2
1.03
3.17
13.2
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