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Ramble On Company wishes to maintain a growth rate of 9 percent a year, a debt-equity ratio of 0.49, and a dividend payout ratio of
Ramble On Company wishes to maintain a growth rate of 9 percent a year, a debt-equity ratio of 0.49, and a dividend payout ratio of 64 percent. The ratio of total assets to sales is constant at 1.31. What profit margin must the firm achieve? Multiple Choice 20.17% . 11.85% 6.61% 11.44% O o 20.42%
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