It's Yours Manufacturing wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio
Question:
It's Yours Manufacturing wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio of 0.45, and a dividend payout ratio of 25 percent. The ratio of total assets to sales is constant at 1.40. What profit margin must the firm achieve?
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
Question Posted: