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Katelyn's Kites Has Net Income of $240 and Total Equity

Question 61

Multiple Choice

Katelyn's Kites has net income of $240 and total equity of $2,000. The debt-equity ratio is 1.0 and the plowback ratio is 40%. What is the internal growth rate?


A) 2.46%
B) 3.00%
C) 4.92%
D) 5.88%
E) 6.00%

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