A firm wishes to maintain an internal growth rate of 6.75 percent and a dividend payout...
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A firm wishes to maintain an internal growth rate of 6.75 percent and a dividend payout ratio of 31 percent. The current profit margin is 5.3 percent and the firm uses no external financing sources. What must total asset turnover be? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Total asset turnover 1.84 times A firm wishes to maintain an internal growth rate of 6.75 percent and a dividend payout ratio of 31 percent. The current profit margin is 5.3 percent and the firm uses no external financing sources. What must total asset turnover be? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Total asset turnover 1.84 times
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