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.

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)