Multiple Choice
A firm has adopted a policy whereby it will not seek any additional external financing.Given this, what is the maximum growth rate for the firm if it has net income of $32,600, total equity of $294,000, total assets of $503,000, and a 25 percent dividend payout ratio?
A) 5.11 percent
B) 4.88 percent
C) 6.62 percent
D) 7.67 percent
E) 8.37 percent
Correct Answer:
Verified
Correct Answer:
Verified
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