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b . Inventory c . Cost of sales d . Note Payable 3 2 . A firm experiencing a low growth rate may finance its

b. Inventory
c. Cost of sales
d. Note Payable
32. A firm experiencing a low growth rate may finance its activities from
a. Retained earnings
b. Bonds
c. Debenture
d. All the above
33. A firm pays 60% of its earnings as dividend. The total asset and net income are GHC 19,000 and GHC 2,400 respectively. What is the firm's internal growth rate?
a.8.2%
b.5.32%
c.6.18%
d.7.92%
The following information is extracted from Layne Ltd's financial statement for 2020. Use the following information to answer questions 34-37.
\table[[Income Statement,GHC,Balance Sheet,GHC],[Sales,10,000,Fixed Assets,15,000],[Cost of sales,6,500,Current Assets,8,000?
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