What profit margin must firm achieve

Assignment Help Financial Management

Reference no: EM131324929

Dante Co. wishes to maintain a growth rate of 10.2 percent a year, a debt–equity ratio of .9, and a dividend payout ratio of 20 percent. The ratio of total assets to sales is constant at .81.

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

Reference no: EM131324929

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