McCormac Co. wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio...

McCormac Co. wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio of 0.41, and a dividend payout ratio of 64 percent. The ratio of total assets to sales is constant at 1.29. Required: What profit margin must the firm achieve?

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McCormac Co. wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio...

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