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A firm wishes to maintain a growth rate of 12.3% and a dividend payout ratio of 27%. The ratio of total assets to sales is
A firm wishes to maintain a growth rate of 12.3% and a dividend payout ratio of 27%. The ratio of total assets to sales is constant at 0.70, and profit margin is 7.0%. If the firm also wishes to maintain a constant debt-equity ratio, what must it be? (Do not round your intermediate calculations. Round your final answer to 2 decimal places.) Debt-equity ratio
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