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Jasmine Manufacturing wishes to maintain a sustainable growth rate a debt-equity ratio of .65, and a dividend payout ratio of 25 percer assets to sales

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Jasmine Manufacturing wishes to maintain a sustainable growth rate a debt-equity ratio of .65, and a dividend payout ratio of 25 percer assets to sales is constant at 1.25. What profit margin must the fire round intermediate calculations and round your answer to 2 de 32.16.) Profit margin Jasmine Manufacturing wishes to maintain a sustainable growth rate of 7 percent a year, a debt-equity ratio of 65, and a dividend payout ratio of 25 percent. The ratio of total assets to sales is constant at 1.25. What profit margin must the firm achieve? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Profit margin %

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