Your company wants a sustainable growth rate of 3.45 percent while maintaining a 30 percent dividend payout

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Your company wants a sustainable growth rate of 3.45 percent while maintaining a 30 percent dividend payout ratio and a 7 percent profit margin. The company has a Total Asset Turnover ratio (Sales/Total Assets) of0.6667. What is the equity multiplier that is required to achieve the company's desired rate of growth?

A..45

B..55

C..78

D..98

E.1.02

Posted Date: May 18, 2024 03:03 PM

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Your company wants a sustainable growth rate of 3.45 percent while maintaining a 30 percent dividend payout

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