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If Swanson Industries has Asset turnover: Sales / total assets = 2 . 1 , Financial leverage: Total assets / equity = 2 . 8

If Swanson Industries has Asset turnover: Sales / total assets =2.1, Financial leverage: Total assets / equity =2.8, Return on sales (ROS): Net income /sales =5.8%: Dividend retention (R): Fraction of net income retained =2/3. If the company would like to achieve a g* of 39% with no change in R or assets turnover or ROS, what assets turnover would be required? (Approximately)
A.
0.268
B.
4.803
C.
0.2274
D.
3.602
E.
0.1044

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