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Internal Growth Rate Leash N Collar reported a profit margin of 8.3%, total asset turnover ratio of 1.8 times, debt-to-equity ratio of 0.78 times, net
Internal Growth Rate Leash N Collar reported a profit margin of 8.3%, total asset turnover ratio of 1.8 times, debt-to-equity ratio of 0.78 times, net income of $430,000, and dividends paid to common stockholders of $230,000. The firm has no preferred stock outstanding. What is Leash N Collar's internal growth rate? (Do not round intermediate steps.)
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