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Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selected financial data for the company for the period 2012-2016 Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Source: Data from Nobility Homes 2012 to 2016 annual reports a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016. Note: Round your answers to 1 decimal place. Sustainable Growth Rate Year 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 0.2 3.0 5.7 9.7 17.7 100.0 100.0 100.0 0.47 0.52 1.12 1.16- 17.7 17.2 % % % % % 100.0 0.57 1.19 14.7 W 100.0 0.62 1.24 31.2 9.67 1.32 22.7

Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selected financial data for the company for the period 2012-2016 Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Source: Data from Nobility Homes 2012 to 2016 annual reports a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016. Note: Round your answers to 1 decimal place. Sustainable Growth Rate Year 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 0.2 3.0 5.7 9.7 17.7 100.0 100.0 100.0 0.47 0.52 1.12 1.16- 17.7 17.2 % % % % % 100.0 0.57 1.19 14.7 W 100.0 0.62 1.24 31.2 9.67 1.32 22.7

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selected financial data for the company for the period 2012-2016. Year 2012 2013 2014 2015 2016 % % % de dese % 2012 Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Source: Data from Nobility Homes 2012 to 2016 annual reports a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016. Note: Round your answers to 1 decimal place. Sustainable Growth Rate % 2013 0.2 100.0 0.47 1.12 17.7 2014 3.0 100.0 0.52 1.16 17.2 5.7 100.0 0.57 1.19 14.7 2015 27 2016 9.7 100.0 0.62 1.24 31.2 17.7 100.0 9.67 1.32 22.7
Transcribed Image Text:Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selected financial data for the company for the period 2012-2016. Year 2012 2013 2014 2015 2016 % % % de dese % 2012 Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Source: Data from Nobility Homes 2012 to 2016 annual reports a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016. Note: Round your answers to 1 decimal place. Sustainable Growth Rate % 2013 0.2 100.0 0.47 1.12 17.7 2014 3.0 100.0 0.52 1.16 17.2 5.7 100.0 0.57 1.19 14.7 2015 27 2016 9.7 100.0 0.62 1.24 31.2 17.7 100.0 9.67 1.32 22.7
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