Answer:
1.46 times
Step-by-step explanation:
The growth, rate is defined as Return on Equity times (1-Dividend payout ration):
Given that
The total asset turnover is calculated as:
#We know that
Hence, turn-over required for a 7.1% internal growth is 1.4564times
Answer: 0.8461
Step-by-step explanation:
Let p be the proportion of residents are against the increase of taxes to fund alternatives to drug addiction treatment.
As per given , we have p=0.40
A random sample is taken with size : n= 400
Expecting sample proportion :
Now , the probability that more than 150 of the residents surveyed will be against increasing taxes if a random sample of 400 residents are surveyed will be :
[By z-table]
Hence, the approximate probability that more than 150 of the residents surveyed will be against increasing taxes if a random sample of 400 residents are surveyed is 0.8461 .