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Ramble On Co. wishes to maintain a growth rate of 7 percent a year, a debt-equity ratio of 0.33, 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 0.33, and a dividend payout ratio of 64 percent. The ratio of total assets to sales is constant at 1.23. What profit margin must the firm achieve? 9.55% 11.21% 6.25% 16.81% 7.06%

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