Question
Problem 4-19 Growth and Assets [LO3] A firm wishes to maintain an internal growth rate of 7 percent and a dividend payout ratio of 25
Problem 4-19 Growth and Assets [LO3]
| A firm wishes to maintain an internal growth rate of 7 percent and a dividend payout ratio of 25 percent. The current profit margin is 5.4 percent, and the firm uses no external financing sources. |
| What must total asset turnover be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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Mathematics Of Finance
Authors: Robert Brown, Petr Zima
2nd Edition
0071756051, 9780071756051
