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A firm wishes to maintain an internal growth rate of 8.2 percent and a dividend payout ratio of 35 percent. The current profit margin is
A firm wishes to maintain an internal growth rate of 8.2 percent and a dividend payout ratio of 35 percent. The current profit margin is 6.6 percent, and the firm uses no external financing sources. |
What must total asset turnover be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
**** i got 1.79 and that was wrong******
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