What is the sustainable growth rate for the company

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Cambria, Inc., had equity of $134,713 at the beginning of the year. At the end of the year, the company had total assets of $296,276. During the year the company sold no new equity. Net income for the year was $28,824 and dividends were $3,725.

What is the sustainable growth rate for the company? (in %)

(Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 4 decimal places. For example, 1.23456% should be entered as 1.2346)

Reference no: EM132640209

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