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9. You are assessing the financial plan developed for you by a prestigious accounting firm. You are especially interested in the attainability of the projected

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9. You are assessing the financial plan developed for you by a prestigious accounting firm. You are especially interested in the attainability of the projected GRIE. You know that if that growth rate is not realistic, the financial plan is not valid and you may have to scale back your projected increase in assets. TABLE 13-10 summarizes your findings. Does the accounting firm's plan appear to be reasonable? \begin{tabular}{|l|c|c|} \hline Nonoperating revenue ratio & 0.011 & 0.011 \\ \hline Equity financing ratio & 0.500 & 0.500 \\ \hline Equity growth rate & 7.86% & 10.29% \\ \hline \end{tabular} 9. You are assessing the financial plan developed for you by a prestigious accounting firm. You are especially interested in the attainability of the projected GRIE. You know that if that growth rate is not realistic, the financial plan is not valid and you may have to scale back your projected increase in assets. TABLE 13-10 summarizes your findings. Does the accounting firm's plan appear to be reasonable? \begin{tabular}{|l|c|c|} \hline Nonoperating revenue ratio & 0.011 & 0.011 \\ \hline Equity financing ratio & 0.500 & 0.500 \\ \hline Equity growth rate & 7.86% & 10.29% \\ \hline \end{tabular}

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