Maintain constant debt-equity ratio

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Appleton Corp. wishes to maintain a growth rate of 13.4 percent and a dividend payout ratio of 38 percent. The ratio of total assets to sales is constant at .80 and profit margin is at 8.1 percent. If Appleton Corp also wished 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.

Reference no: EM131327839

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