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A firm has decided that its optimal capital structure is 1 0 0 % equity - financed. It perceives its optimal dividend policy to be
A firm has decided that its optimal capital structure is equityfinanced. It perceives its optimal dividend policy to be a payout ratio. Asset turnover is salesassets the profit margin is and the firm has a target growth rate of
b If the firms target growth rate is not consistent with its other goals, what would asset turnover need to be to achieve its goals?
Note: Do not round intermediate calculations. Round your answer to decimal places.
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