4. 19. Growth and assets [LO 4.3] A firm wishes to maintain an internal growth rate of...

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4. 19.

Growth and assets [LO 4.3] A firm wishes to maintain an internal growth rate of 7.1 per cent and a dividend payout ratio of 25 per cent.

The current profit margin is 6.5 per cent and the firm uses no external financing sources. What must total asset turnover be?

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Fundamentals Of Corporate Finance

ISBN: 9781743768051

8th Edition

Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan

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