Maximum sales growth: Rockville Consulting Group expects to add $271,898 to retained earnings this year. The company

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Maximum sales growth: Rockville Consulting Group expects to add $271,898 to retained earnings this year. The company has total assets of $3,425,693 and wishes to add no new external funds for the coming year. If assets and costs vary directly with sales, how much sales growth can the company support while retaining an EFN of zero? What is the firm’s internal growth rate?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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