Question
Calculate the rate at which a firm can grow without using external financing if its payout ratio is 65%, total assets at the beginning of
Calculate the rate at which a firm can grow without using external financing if its payout ratio is 65%, total assets at the beginning of the year is $1.5 million, total debt ratio is 0.33, and its net income for the year is $162,000.
A. 3.78%
B. 5.6%
C. 10.8%
D. 3.26%
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
