Business
Business, 18.03.2021 01:40, HernanJe6

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 2009-2013. 2009 2010 2011 2012 2013 Profit margin % 16.5% 17.4% 16.2% 15.0% 11.2% Retention Ratio % 82.1% 81.3% 79.3% 75.0% 60.1% Asset turnover X 0.7 0.7 0.7 0.7 0.6 Financial leverage X 1.7 1.74 1.7 1.7 1.8 Growth rate in sales % 0.1% 8.9% 13.5% 4.2% 4.2% Calculate Stryker's annual sustainable growth rate from 2009 through 2013 as a percentage to 1 decimal place.

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