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Ramble On Company wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio of 0.47, and a dividend payout ratio of 68 percent. The ratio of total assets to sales is constant at 1.28. What profit margin must the firm achieve?
a. 5.79%
b. 20.16%
c. 9.59%
d. 20.41%

Sagot :

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