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Ramble On Company wishes to maintain a growth rate of 10 percent a year, a debt- equity ratio of 0.49. and a dividend payout ratio

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Ramble On Company wishes to maintain a growth rate of 10 percent a year, a debt- equity ratio of 0.49. and a dividend payout ratio of 66 percent. The ratio of total assets to sales is constant at 1.24. What profit margin must the firm achieve? Multiple Choice 22 25% O 22.59 7.46% 14.57% 11.56%

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