A firm wishes to maintain a growth rate of 12.8% and a dividend payout ratio...
90.2K
Verified Solution
Link Copied!
Question
Finance
A firm wishes to maintain a growth rate of 12.8% and a dividend payout ratio of 32%. The ratio of total assets to sales is constant at 0.80, and profit margin is 7.5%. If the firm also wishes to maintain a constant debt-equity ratio, what must it be? (Do not round your intermediate calculations. Round your final answer to 2 decimal places.) Debt-equity ratio
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
