High Flyer, Inc., wishes to maintain a growth rate of 14.25 percent per year and

Question

High Flyer, Inc., wishes to maintain a growth rate of 14.25 percent per year and a debt-equity ratio of .55. The profit margin is 4.5 percent, and total asset turnover is constant at 1.15.

What is the dividend payout ratio? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

High Flyer, Inc., wishes to maintain a growth rate of 14.25 percent per year and a debt-equity ratio of .55. The profit margin is 4.5 percent, and total asset turnover is constant at 1.15.

Explanation / Answer

High Flyer, Inc., wishes to maintain a growth rate of 14.25 percent per year and

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