11) Brooky Inc . wishes to maintain a growth rate of 8 percent and a dividend payout ratio of 62 percent. The ratio of total assets to sales is constant at 1, and the profit margin is 10 percent. What must the debt-equity ratio be if the firm wishes to keep that ratio constant?

	1.105
	2.401
	3.550
	6.601
	7.952

12)Wax Music expects sales of $437,500 next year. The profit margin is 4.8 percent and the firm has a 50 percent dividend payout ratio. What is the projected increase in retained earnings?

	$9,720
	$10,500
	$17,300
	$21,600
	$23,000
	None of the above.

13)Ace Co. wants to maintain a growth rate of 8 percent a year, a constant debt-equity ratio of 0.42, and a dividend payout ratio of 50 percent. The ratio of total assets to sales is constant at 1.3. What profit margin must the firm achieve?

	12.92 percent
	13.46 percent
	13.56 percent
	14.65 percent
	14.74 percent