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A firm wishes to maintain a growth rate of 12.4% and a dividend payout ratio of 28%. The ratio of total assets to sales is

image text in transcribed A firm wishes to maintain a growth rate of 12.4% and a dividend payout ratio of 28%. The ratio of total assets to sales is constant at 0.60 , and profit margin is 7.1%. f the firm also wishes to maintain a constant debt-equity ratio, what must it be? (Do not round your intermediate calculations. Round jour final answer to 2 decimal places.) Debt-equity ratio

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