What profit margin must firm achieve

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Reference no: EM131826365

McCormac Co. wishes to maintain a growth rate of 10 percent a year, a debt-equity ratio of 0.49, and a dividend payout ratio of 58 percent. The ratio of total assets to sales is constant at 1.25.

Required:

What profit margin must the firm achieve? (Do not round your intermediate calculations.)

Reference no: EM131826365

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