Question
A firm wishes to maintain an internal growth rate of 11% and a dividend payout ratio of 24%. The current profit martinis 7% and the
A firm wishes to maintain an internal growth rate of 11% and a dividend payout ratio of 24%. The current profit martinis 7% and the firm uses no external financing sources. What must the total asset turnover rate be?
(multiple choice)
- .87 times
- .90 times
- 1.01 times
- 1.15 times
- 1.86 times
(please so me the work so I can understand it)
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
