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Jasmine Manufacturing wishes to maintain a sustainable growth rate of 9.5 percent a year, a debt-equity ratio of .39, and a dividend payout ratio of
Jasmine Manufacturing wishes to maintain a sustainable growth rate of 9.5 percent a year, a debt-equity ratio of .39, and a dividend payout ratio of 33 percent. The ratio of total assets to sales is constant at 1.36. What profit margin must the firm achieve
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