Question
A firm wishes to maintain an internal growth rate of 9.5percent and a dividend payout ratio of 42percent. The current profit margin is 7.5percent, and
A firm wishes to maintain an internal growth rate of 9.5percent and a dividend payout ratio of 42percent. The current profit margin is 7.5percent, and the firm uses no external financing sources.
What must total asset turnover be?
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Accounting Information Systems
Authors: George H Bodnar, William S Hopwood
10th Edition
013609712X, 978-0136097129
