Hi. Dear all, I have a problem on corporate Finance. I could not solve that problem. The problem is: ‘ Lang Co. wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio of .45, and a dividend payout ratio of 60 percent. The ratio of total assets to sales is constant at 1.60. What profit margin must the firm achieve?
I hope you will help me. I really need it. It is very important for me.Thanks previously