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 must the total asset turnover rate be?
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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