Fulkerson Manufacturing wishes to maintain a sustainable growth rate of 9.25 percent a year, a debt–equity...

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Fulkerson Manufacturing wishes to maintain a sustainable growthrate of 9.25 percent a year, a debt–equity ratio of .40, and adividend payout ratio of 32.5 percent. The ratio of total assets tosales is constant at 1.35.

What profit margin must the firm achieve in order to meet itsgrowth rate goal? (Do not round intermediate calculationsand enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)

Profit margin           %

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Fulkerson Manufacturing wishes to maintain a sustainable growthrate of 9.25 percent a year, a debt–equity ratio of .40, and adividend payout ratio of 32.5 percent. The ratio of total assets tosales is constant at 1.35. What profit margin must the firm achieve in order to meet itsgrowth rate goal? (Do not round intermediate calculationsand enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.) Profit margin %