23. Internal Growth. A firm has an asset turnover ratio of 2.0. Its plowback ratio is 50%,...
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23. Internal Growth. A firm has an asset turnover ratio of 2.0. Its plowback ratio is 50%, and it is all-equity-financed. What must its profit margin be if it wishes to finance 10% growth using only internally generated funds? (LO3)
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Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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