Profit margin must firm achieve in order to meet growth rate

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Fulkerson Manufacturing wishes to maintain a sustainable growth rate of 8.75 percent a year, a debt–equity ratio of .42, and a dividend payout ratio of 31.5 percent. The ratio of total assets to sales is constant at 1.33.

What profit margin must the firm achieve in order to meet its growth rate goal?

Reference no: EM131461916

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