Multiple Choice
The Top Shop has net income of $240 and total equity of $2,000.The debt-equity ratio is 1 and the plowback ratio is 40 percent.What is the internal growth rate?
A) 2.46%
B) 3.00%
C) 4.92%
D) 5.88%
E) 6.00%
Correct Answer:
Verified
Correct Answer:
Verified
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