Firm wishes to maintain an internal growth rate

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A firm wishes to maintain an internal growth rate of 6.7 percent and a dividend payout ratio of 35 percent. The current profit margin is 5.1 percent, and the firm uses no external financing sources. What must total asset turnover be? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131324932

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