Growth and profit margin
Crock Hunters wishes to maintain a growth rate of 8% a year, a debt-equity ratio of 0.45 and a dividend payout ratio of 25%. The ratio of total assets to sales is constant at 1.40. What profit margin must the firm achieve?
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You can earn 0.45% per month at your bank. If you deposit $1500, how long must you wait until your account has grown to $3600?
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