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Ramble On Company wishes to maintain a growth rate of 9 percent a year, a debt-equity ratio of 0.35, 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 0.35, and a dividend payout ratio of 50 percent. The ratio of total assets to sales is constant at 1.29. What profit margin must the firm achieve? Multiple Choice 9.48% 15.78% 9.58% 16.03% 15.88%

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