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A firm wishes to maintain an internal growth rate of 6.9 percent and a dividend payout ratio of 20 percent. The current profit margin is 5.3 percent, and the firm uses no external financing sources.

What must total asset turnover be? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Total asset turnover times

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92304848

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