Problema firm wishes to maintain an internal growth rate of, Ask an Expert

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Problem:

A firm wishes to maintain an internal growth rate of 9.25 percent and a dividend payout ratio of 41 percent. The current profit margin is 6.3 percent and the firm uses no external financing sources.

Question:

What must total asset turnover be? Please provide step by step solution and show all work.

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Category:- Basic Finance
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