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16 The dividend ratio for Belle Ltd. is 0.25 and the return on assets is 4.60%. Accounts payable is $4,650,000. Calculate a. The internal growth
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The dividend ratio for Belle Ltd. is 0.25 and the return on assets is 4.60%. Accounts payable is $4,650,000. Calculate a. The internal growth rate. b. Accounts payable for next year assuming the company grows using the internal growth rate Step by Step Solution
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