1.Almarai Company has the following financial information for 2019:

Sales = 14, 451 M Net Income = 1,811 M

Addition to retained earning = 1,121 M

Total Assets = 33,148 M Total Equity = 14,653 M

1.What is Almarai Company retention ratio?

2.Almarai Company does not want to incur any additional external financing. The dividend payout ratio is constant. What is the firm's maximum rate of growth?

3.If Almarai Company decides to maintain a constant debt-equity ratio, what rate of growth can it maintain assuming that no additional external equity financing is available?