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Ramble On Co. wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio of 0.49, and a dividend payout ratio of
Ramble On Co. wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio of 0.49, and a dividend payout ratio of 50 percent. The ratio of total assets to sales is constant at 1.22. What profit margin must the firm achieve? Multiple Choice O 8.25% O 12.23% 12.38% O 8.15% 12.13%
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