Mccormac co wishes to maintain a growth rate of 9 percent a


McCormac Co. wishes to maintain a growth rate of 9 percent a year, a debt-equity ratio of 0.41, and a dividend payout ratio of 52 percent. The ratio of total assets to sales is constant at 1.21.

What profit margin must the firm achieve?

 

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Finance Basics: Mccormac co wishes to maintain a growth rate of 9 percent a
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