Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a company has annual sales of 96,700$,a profit margin of 7.45 percent ,and payout ratio of 40 percent . The firm has 11,500$ of debt
a company has annual sales of 96,700$,a profit margin of 7.45 percent ,and payout ratio of 40 percent . The firm has 11,500$ of debt and owners equity of 31,200$ . What is the internal growth rate for this firm assuming the payout ratio remains constant
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started