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12. ance sheet wing assuming a 15 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. Internal

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12. ance sheet wing assuming a 15 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. Internal Growth [LO3] If the Boddy Shoppe has a 7 percent ROA and a 25 percent payout ratio, what is its internal growth rate? ICD DOD 1 20

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