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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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.
Answer is not complete.
Sustainable Growth
Rate
Year
2009
16.9%
2010
17.6 %
2011
%
2012
%
2013
%
Transcribed Image Text:ints 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. Answer is not complete. Sustainable Growth Rate Year 2009 16.9% 2010 17.6 % 2011 % 2012 % 2013 %
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