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A firm wishes to maintain a growth rate of 11.5% and a dividend payout ratio of 30%. The ratio of total assets to sales is
A firm wishes to maintain a growth rate of 11.5% and a dividend payout ratio of 30%. The ratio of total assets to sales is constant at .60, and the profit margin is 6.2%. If the firm also wishes to maintain a constant D/E ration what must it be
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
