Problem 4.29 – Tinsley, Inc. Payout Ratio, Yes or No?
Fundamentals of Corporate Finance
Ross, Westerfield, and Jordan
13th Edition
Tinsley, Inc. wishes to maintain a growth rate and has a target debt-equity ratio. The profit margin and the ratio of total assets to sales are given. Can this growth rate be achieved? What must the dividend payout ratio be to achieve this growth rate?
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