Multiple Choice
Underwood Enterprises earns $0.07 in profit on every $1 of sales and has $0.67 in assets for every $1 of sales. The firm pays out 20 percent of its profits to its shareholders. What is the internal growth rate?
A) 6.37 percent
B) 7.76 percent
C) 8.80 percent
D) 9.12 percent
E) 9.65 percent
Correct Answer:
Verified
Correct Answer:
Verified
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