The firm achieve in order to meet its growth rate goal

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Reference no: EM131192430

Fulkerson Manufacturing wishes to maintain a sustainable growth rate of 9.5 percent a year, a debt–equity ratio of .39, and a dividend payout ratio of 33 percent. The ratio of total assets to sales is constant at 1.36.

What profit margin must the firm achieve in order to meet its growth rate goal? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Profit margin:

Reference no: EM131192430

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The firm achieve in order to meet its growth rate goal : Fulkerson Manufacturing wishes to maintain a sustainable growth rate of 9.5 percent a year, a debt–equity ratio of .39, and a dividend payout ratio of 33 percent. The ratio of total assets to sales is constant at 1.36. What profit margin must the fir..

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