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Calculate the efn

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Reference no: EM132654419

EFN: Ritchie Marble Ltd has total assets of $12,899,450, sales of $18,174,652, and profit of $4,589,774. The company expects its sales to grow by 25 percent next year. All assets and costs (including tax) vary directly with sales, and the company expects to maintain its payout ratio of 65 percent.

Calculate the EFN.

Reference no: EM132654419

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