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A firm wishes to maintain an internal growth rate of 7.1 percent and a dividend payout ratio of 25 percent. The current profit margin is 5.7 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).)

Total asset turnover

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92641402

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