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Last year Axle Inc. reported net assets of $400, equity of $200, net income of $30, dividends of $10, and retained earnings of $20. What
Last year Axle Inc. reported net assets of $400, equity of $200, net income of $30, dividends of $10, and retained earnings of $20. What is the maximum possible growth that Axle Inc. can achieve if they will not issue any external debt or equity?
20 percent | ||
5 percent | ||
71.4 percent | ||
8 percent | ||
10 percent |
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