A firm wishes to maintain an internal growth rate of 1125


A firm wishes to maintain an internal growth rate of 11.25 percent and a dividend payout ratio of 49 percent. The current profit margin is 7.1 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 (e.g., 32.16).)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A firm wishes to maintain an internal growth rate of 1125
Reference No:- TGS01219331

Expected delivery within 24 Hours