A.The profit margin is highest for the rapid accelerating growth stage of the industry life cycle.
B.If the dividend payout ratio is 40%,the profit margin is 12%,asset turnover is 1.45 times,and asset/equity leverage factor is 2.2,the industry's projected growth rate is approximately 23%.
C.During the mature growth phase of the industry life cycle,sales growth is equal to the average growth rate of the economy.