Good Foods Has Net Income of $82,490, Total Equity of $518,700

Multiple Choice

Good Foods has net income of $82,490, total equity of $518,700, and total assets of $1,089,500.The dividend payout ratio is .30.What is the internal growth rate?

A) 2.32 percent
B) 3.57 percent
C) 5.60 percent
D) 2.87 percent
E) 4.94 percent