tryker Corporation is a leading medical technology company headquartered in Kalamazoo, Michigan, that trades on the N Stock Exchange. Following are selected financial data for Stryker for the period 2009 to 2013. Year 2009 2010 2011 2009 15.9 81.7 0.70 1.70 .9 Profit margin (X) 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. Bustainable Growth Rate 2010 16.9 80.6 0.70 1.78 7.9 2011 15.9 78.9 0.70 1.70 12.6 2012 14.7 74.7 0.70 1.70 3.4 2013 18.9 59.9 0.60 1.80 3.9
tryker Corporation is a leading medical technology company headquartered in Kalamazoo, Michigan, that trades on the N Stock Exchange. Following are selected financial data for Stryker for the period 2009 to 2013. Year 2009 2010 2011 2009 15.9 81.7 0.70 1.70 .9 Profit margin (X) 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. Bustainable Growth Rate 2010 16.9 80.6 0.70 1.78 7.9 2011 15.9 78.9 0.70 1.70 12.6 2012 14.7 74.7 0.70 1.70 3.4 2013 18.9 59.9 0.60 1.80 3.9
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Stryker Corporation is a leading medical technology company headquartered in Kalamazoo, Michigan, that trades on the New Yor
Stock Exchange. Following are selected financial data for Stryker for the period 2009 to 2013.
Profit margin (%)
Retention ratio (X)
Asset turnover (X)
Financial leverage (X)
Growth rate in sales (%)
Year
2009
2010
2011
2012
2013
Bustainable Growth Rate
%
%
2009
%
%
15.9
81.7
8.70
1.70
.9
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.
2010
16.9
80.6
0.70
1.78
7.9
2011
15.9
78.9
0.79
1.70
12.6
2012
14.7
74.7
8.70
1.70
3.4
2013
18.9
59.9
0.60
1.80
3.9
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