A firm wishes to maintain an internal growth rate of 975


A firm wishes to maintain an internal growth rate of 9.75 percent and a dividend payout ratio of 43 percent. The current profit margin is 6.5 percent and the firm uses no external financing sources.

Required:
What must total asset turnover be? (Do not round intermediate calculations. Round your answer to 2 decimal places

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Corporate Finance: A firm wishes to maintain an internal growth rate of 975
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