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Ramble On Co. wishes to maintain a growth rate of 7 percent a year, a debt-equity ratio of 0.39, and a dividend payout ratio of

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Ramble On Co. wishes to maintain a growth rate of 7 percent a year, a debt-equity ratio of 0.39, and a dividend payout ratio of 64 percent. The ratio of total assets to sales is constant at 1.26. What profit margin must the firm achieve? Multiple Choice 16.72% 9.37% 5.84% 16.47% C 10.48%

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