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(Solved): El Rey Company wishes to maintain a growth rate of 13 percent per year, a debt-equity ratio of 1.5, ...



El Rey Company wishes to maintain a growth rate of 13 percent per year, a debt-equity ratio of 1.5, and a dividend payout ratio of 30 percent. The ratio of total assets to sales is constant at .95. What profit margin must the firm achieve? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.



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