What must total asset turnover be

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A firm wishes to maintain an internal growth rate of 7.6 percent and a dividend payout ratio of 30 percent. The current profit margin is 6 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.)

Total asset turnover times

Reference no: EM131972414

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