what must the total asset turnover be accounting question Sterling Technologies wishes to maintain an internal growth rate of 8.4% and adividend payout ratio of 42%. The company's profit margin is 7.1%, and it does notuse external financing.What must the total asset turnover be?

Step 1: Definition of Total Asset TurnoverThe total asset turnover measures how efficiently a…

Answered: Sterling Technologies wishes to…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 7P

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What must the total assets turnover be ?? Accounting
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What is the sustainable rate of growth? General accounting
Saddie & Co.'s return on assets (ROA) for the current year was 6.23%. Which of the following is true if Saddie & Co. wishes to increase their ROA? The company should decrease asset turnover. O The company should increase the selling price of its goods or services. The company should increase the cost of its products. The company should increase the amount of assets it has.
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Which of the following statements is correct? A. a. Since accounts payable and accruals must eventually be paid, as these accounts increase, AFN also increases. B. b. Suppose a firm is operating its fixed assets below 100 percent capacity but is at 100 percent with respect to current assets. If sales grow, the firm can offset the needed increase in current assets with its idle fixed assets capacity. C. c. If a firm retains all of its earnings, then it will not need any additional funds to support sales growth. D. d. Additional funds needed are typically raised from some combination of notes payable, long-term bonds, and common stock. These accounts are nonspontaneous in that they require an explicit financing decision to increase them. E. e. All of the statements above are false.
can you please give answer this account
I got 0.404 times just wanted to double check to see if its accurate

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Sterling Technologies wishes to maintain an internal growth rate of 8.4% and a dividend payout ratio of 42%. The company's profit margin is 7.1%, and it does not use external financing. What must the total asset turnover be?