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Calculate Internal Growth Rate of ABC Inc. given the following information Profit Margin Ratio = 12.5% Sales = 659,920 total debt of $570,800 total equity
Calculate Internal Growth Rate of ABC Inc. given the following information
Profit Margin Ratio = 12.5%
Sales = 659,920
total debt of $570,800
total equity of $518,700, and
The retention ratio is .70
I know that I need to calculate the ROA to calculate this. But I am stuck.
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