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In recent years, Lantana Enterprises has had a 40 percentdividend payout ratio and has gen

In recent years, Lantana Enterprises has had a 40 percentdividend payout ratio and has gen

In recent years, Lantana Enterprises has had a 40 percentdividend payout ratio and has generated a 6 percent profit margin.They would like to continue to maintain both of these whilachieving a sustainable growth rate of 4.5 percent. Lantana has atotal asset turnover ratio of .842. What equity multiplier isrequired to achieve Lantana's desired rate of growth? a.) 1.33b.)1.38 c.)1.42 d.)1.47 e.)1.53

 
Abhinav 03-Dec-2019

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