Question
R. N. C., Inc., desires a sustainable growth rate of 3.19 percent while maintaining a 45 percent dividend payout ratio and a profit margin of
R. N. C., Inc., desires a sustainable growth rate of 3.19 percent while maintaining a 45 percent dividend payout ratio and a profit margin of 6 percent. The company has a capital intensity ratio of 2.0. What equity multiplier is required to achieve the company's desired rate of growth?
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
