A firm has wishes to maintain a sustainable growth rate of 13% per year, a debt-to-equity ratio of 1.2 and a dividend payout ratio of 30%.
The total asset turnover ratio is 2.05. What profit margin must the firm achieve. ( a two step problem.)
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A firm has wishes to maintain a sustainable growth rate of 13% per year, a debt-to-equity ratio of 1.2 and a dividend payout ratio of 30%.
The total asset turnover ratio is 2.05. What profit margin must the firm achieve. ( a two step problem.)
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