Stryker Corporation is a leading medical technology company headquartered in Kalamazoo, Michigan, that trades on the New York Stock Exchange Following are selected financial data for Stryker for the period 2009 to 2013. 2009 2010 2011 2012 2013 16.6 17.6 16.6 15.4 11.6 82.4 81.3 79.6 75.4 60.6 0.70 0.70 0.70 0.70 0.60 1.70 1.70 1.70 1.70 1.80 1.0 8.6 13.3 4.1 4.6 Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Source: Data from Stryker 2009 to 2013 annual reports. Calculate Stryker's annual sustainable growth rate from 2009 through 2013. Note: Round your answers to 1 decimal place. Year Answer is not complete. Sustainable Growth Rate

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Completing the Accounting cycle

An accounting cycle is a multiple-step process that analyzes, verify, record and summarize the entities financial data. The accounting cycle starts when the transaction occurs between two parties and ends when the transaction is completed. The accounting cycle changes the entity's financial position as it involves identifying, verifying, and recording the financial transaction in chronological order. Financial position is the summary of business transactions that occurred throughout the particular accounting period. The accounting cycle recurs at the beginning of each financial year.