Maintain an internal growth rate-total asset turnover

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Reference no: EM13930200

A firm wishes to maintain an internal growth rate of 9 percent and a dividend payout ratio of 40 percent. The current profit margin is 6.2 percent and the firm uses no external financing sources.

Required:

What must total asset turnover be? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

TOTAL ASSET TURNOVER ?

Reference no: EM13930200

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