Fixed Appliance Co

question 56

Multiple Choice

Fixed Appliance Co. wishes to maintain a growth rate of 8 percent a year, a constant debt-equity ratio of 0.34, and a dividend payout ratio of 52 percent. The ratio of total assets to sales is constant at 1.3. What profit margin must the firm achieve?

• A)13.92 percent
• B)14.46 percent
• C)14.97 percent
• D)15.33 percent
• E)15.74 percent

---

Definitions:

Extended Selves

The concept that individuals' possessions and their association with them extend their sense of self and identity.

Sense of Self

The perception or awareness one has of themselves, including their identity, personality, and individuality.

Extended Self

A concept in consumer behavior that suggests individuals define themselves by the things they own, which are seen as extensions of their identity.

Marketing

The process of promoting, selling, and distributing a product or service, including market research and advertising to meet consumer needs.