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What must total asset turnover be

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This is a question from my finance homework (the first of two): A firm wishes to maintain an internal growth rate of 8.5 percent and a dividend payout ratio of 25 percent. The current profit margin is 6.9 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: EM131863351

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