What equity multiplier is required to achieve desired rate

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In recent years, Lantana Enterprises has had a 40 percent dividend payout ratio and has generated a 6 percent profit margin. They would like to continue to maintain both of these while achieving a sustainable growth rate of 4.5 percent. Lantana has a total asset turnover ratio of .842. What equity multiplier is required to achieve Lantana's desired rate of growth? Answer 1.33 1.38 1.42 1.47 1.53

Reference no: EM131052341

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