Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 2009 to 2013. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) 2009 5.2 100.0 1.6 1.7 18.3 2010 6.1 100.0 1.6 1.7 24.4 2011 6.3 100.0 1.6 1.9 38.6 2012 6.7 100.0 1.6 1.8 24.8 2013 6.7 100.0 1.5 1.9 27.3 a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013. Note: Round your answers to 1 decimal place.

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
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Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are selected financial data for the
company for the period 2009 to 2013.
Profit margin (%)
Retention ratio (%)
Asset turnover (X)
Financial leverage (X)
Growth rate in sales (%)
2009
5.2
100.0
1.6
1.7
18.3
2010
6.1
100.0
1.6
1.7
24.4
2011
6.3
100.0
1.6
1.9
38.6
2012
6.7
100.0
1.6
1.8
24.8
2013
6.7
100.0
1.5
1.9
27.3
a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013.
Note: Round your answers to 1 decimal place.
Transcribed Image Text:Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 2009 to 2013. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) 2009 5.2 100.0 1.6 1.7 18.3 2010 6.1 100.0 1.6 1.7 24.4 2011 6.3 100.0 1.6 1.9 38.6 2012 6.7 100.0 1.6 1.8 24.8 2013 6.7 100.0 1.5 1.9 27.3 a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013. Note: Round your answers to 1 decimal place.
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