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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?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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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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