firm wishes to maintain an internal growth rate of 10 percent and a dividend pay atio of 44 percent. The current profit margin is 6.6 percent and the firm uses no exter nancing sources. What must total asset turnover be? (Do not round intermediate calculations and rou our answer to 2 decimal places, e.g., 32.16.) Total asset turnover times

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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A firm wishes to maintain an internal growth rate of 10 percent and a dividend payout
ratio of 44 percent. The current profit margin is 6.6 percent and the firm uses no external
financing sources.
What must total asset turnover be? (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
Total asset turnover
times
Transcribed Image Text:A firm wishes to maintain an internal growth rate of 10 percent and a dividend payout ratio of 44 percent. The current profit margin is 6.6 percent and the firm uses no external financing sources. What must total asset turnover be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total asset turnover times
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