1. A firm wishes to maintain an internal growth rate of 7.6 percent and a dividend payout ratio of 30 percent. The current profit margin is 6.0 percent and the firm uses no external financing sources.

what must the total asset turnover be?

2. Alter Bridge MFG is is currently operating at only 96 percent of fixed asset capacity. Current sales are $860,000. Fixed assets are $510,000 and sales are projected to grow to $920,000.How much in new fixed assets are required to support this growth in sales? Assume the company maintains its current operating capacity.

i have 25 minutes.