Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selectedfinancial data for the company for the period 2012-2016.Profit margin (%)Retention ratio (%)Asset turnover (X)Financial leverage (X)Growth rate in sales (%)Year2012201320142015201620120.4100.00.361.0116.6Sustainable Growth Rate%%%%%20135.0100.00.411.0516.120144.6100.00.461.0813.620158.6100.00.511.1330.12016Source: Data from Nobility Homes 2012 to 2016 annual reportsa. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016.Note: Round your answers to 1 decimal place.16.6100.00.561.2121.6

Name: Nobility Homes, Incorporated, is a small maker of manufactured homes
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Description: Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selectedfinancial data for the company for the period 2012-2016.Profit margin (%)Retention ratio (%)Asset turnover (X)Financ

Sustainable growth rate is the amount of growth that can be maintained without any further…

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Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Flor financial data for the company for the period 2012-2016. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) 2012 Year 2012 2013 2014 0.4 100.0 0.36 1.01 16.6 Sustainable Growth Rate % % % 2013 Source: Data from Nobility Homes 2012 to 2016 annual reports 5.0 100.0 0.41 1.05 16.1 2014 4.6 100.0 0.46 1.08 13.6 2015 8.6 100.0 0.51 1.13 30.1 2016 a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016. Note: Round your answers to 1 decimal place. 16.6 100.0 0.56 1.21 21.6

Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Flor financial data for the company for the period 2012-2016. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) 2012 Year 2012 2013 2014 0.4 100.0 0.36 1.01 16.6 Sustainable Growth Rate % % % 2013 Source: Data from Nobility Homes 2012 to 2016 annual reports 5.0 100.0 0.41 1.05 16.1 2014 4.6 100.0 0.46 1.08 13.6 2015 8.6 100.0 0.51 1.13 30.1 2016 a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016. Note: Round your answers to 1 decimal place. 16.6 100.0 0.56 1.21 21.6

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter5: Evaluating Operating And Financial Performance

Section: Chapter Questions

Problem 1EP

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