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Net income Shares outstanding Stock price Pfizer Merck $ 9,616 $ 7,067 5,580 2,530 $ 36.41 $ 81.09 Total equity $63,477 $26,011 41. Growth and Assets A firm wishes to maintain an internal growth rate of 6.4 percent and a dividend payout ratio of 25 percent. The current profit margin is 5.7 percent and the firm uses no external financing sources. What must total asset turnover be?

Net income Shares outstanding Stock price Pfizer Merck $ 9,616 $ 7,067 5,580 2,530 $ 36.41 $ 81.09 Total equity $63,477 $26,011 41. Growth and Assets A firm wishes to maintain an internal growth rate of 6.4 percent and a dividend payout ratio of 25 percent. The current profit margin is 5.7 percent and the firm uses no external financing sources. What must total asset turnover be?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter14: Capital Structure Management In Practice
Section: Chapter Questions
Problem 8P
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Net income Shares outstanding Stock price Pfizer Merck $ 9,616 $ 7,067 5,580 2,530 $ 36.41 $ 81.09 Total equity $63,477 $26,011 41. Growth and Assets A firm wishes to maintain an internal growth rate of 6.4 percent and a dividend payout ratio of 25 percent. The current profit margin is 5.7 percent and the firm uses no external financing sources. What must total asset turnover be?
Transcribed Image Text:Net income Shares outstanding Stock price Pfizer Merck $ 9,616 $ 7,067 5,580 2,530 $ 36.41 $ 81.09 Total equity $63,477 $26,011 41. Growth and Assets A firm wishes to maintain an internal growth rate of 6.4 percent and a dividend payout ratio of 25 percent. The current profit margin is 5.7 percent and the firm uses no external financing sources. What must total asset turnover be?
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