What profit margin must the firm achieve

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Reference no: EM131014153

Fulkerson Manufacturing wishes to maintain a sustainable growth rate of 9.5 percent a year, a debt-equity ratio of .49, and a dividend payout ratio of 28 percent. The ratio of total assets to sales is constant at 1.26.

Required:

What profit margin must the firm achieve? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Profit margin %

Reference no: EM131014153

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