Question
Ramble On Co. wishes to maintain a growth rate of 13 percent peryear, a debt-equity ratio of 1.5, and a dividend payout ratio of 30
Ramble On Co. wishes to maintain a growth rate of 13 percent peryear, a debt-equity ratio of 1.5, and a dividend payout ratio of 30 percent. The ratio of total assets to sales is constant at .95.
What profit margin must the firm achieve?
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
ISBN: 978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
