Financial Management: Theory & Practice
16th Edition
ISBN: 9781337909730
Author: Brigham
Publisher: Cengage
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What profit margin must the firm achieve ?
Transcribed Image Text:Dante Co. wishes to maintain a growth rate
of 10.2 percent a year, a debt-equity ratio
of .9, and a dividend payout ratio of 20
percent. The ratio of total assets to sales is
constant at .81. What profit margin must
the firm achieve?
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