A firm wishes to maintain an internal growth rate of 4.5 percent and a dividend payout ratio of 60 percent.The current profit margin is 7.5 percent and the firm uses no external financing sources.What must be the total asset turnover?
A).98
B)1.06
C)1.21
D)1.44
E)1.59

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The Answer of A firm wishes to maintain an internal growth rate of 4.5 percent and a dividend payout ratio of 60 percent.The current profit margin is 7.5 percent and the firm uses no external financing sources.What must be the total asset turnover?
A).98
B)1.06
C)1.21
D)1.44
E)1.59

A Firm Wishes to Maintain an Internal Growth Rate of 4.5