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Abacus Co. wishes to maintain a growth rate of 14 percent a year, a debtequity ratio of 1.2, and a dividend payout ratio of 25
Abacus Co. wishes to maintain a growth rate of 14 percent a year, a debtequity ratio of 1.2, and a dividend payout ratio of 25 percent. The ratio of total assets to sales is constant at 0.8. What profit margin must the firm achieve? (in %) (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 4 decimal places. For example, 1.23456% should be entered as 1.2346)
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