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Ramble On Company wishes to maintain a growth rate of 7 percent a year, a debt-equity ratio of 0.45, and a dividend payout ratio of
Ramble On Company wishes to maintain a growth rate of 7 percent a year, a debt-equity ratio of 0.45, and a dividend payout ratio of 68 percent. The ratio of total assets to sales is constant at 1.33. What profit margin must the firm achieve? 18.75% 19\% 10.7% 4.99% 8.92%
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