Mccormac co wishes to maintain a growth rate of 10 percent, Ask an Expert

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McCormac Co. wishes to maintain a growth rate of 10 percent a year, a debt-equity ratio of 0.49, and a dividend payout ratio of 58 percent. The ratio of total assets to sales is constant at 1.25.

Required:

What profit margin must the firm achieve? (Do not round your intermediate calculations.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92654726

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