Multiple Choice
A firm wishes to maintain an internal growth rate of 11 percent and a dividend payout ratio of 24 percent. The current profit margin is 7 percent and the firm uses no external financing sources. What is the total asset turnover (TAT) ?
A) 0.87 times
B) 0.90 times
C) 1.01 times
D) 1.15 times
E) 1.86 times
Correct Answer:
Verified
Correct Answer:
Verified
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