Capstone marketing group has total assets of 6348000 sales


Capstone Marketing Group has total assets of $6,348,000, sales of $3,429,945, and net income of $850,000. The company expects its sales to grow by 12 percent next year. All assets and costs (including taxes) vary directly with sales, and the firm expects to maintain a payout ratio of 55 percent. what would Capstone’s payout ratio have to be for the firm’s EFN to be zero? (Round answer to 1 decimal place, e.g. 52.7%.) Payout ratio= ______ %

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Financial Management: Capstone marketing group has total assets of 6348000 sales
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