The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.
McCormac Co. wishes to maintain a growth rate of 10 percent a year, a debt-equity ratio of 0.39, and a dividend payout ratio of 50 percent. The ratio of total assets to sales is constant at 1.27.Required:What profit margin must the firm achieve? (Do not round your intermediate calculations.)
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