Question
Last year Foley Incorporated reported net fixed assets of $366, net working capital of $134, net income of $120, dividends of $70, and earnings retained
Last year Foley Incorporated reported net fixed assets of $366, net working capital of $134, net income of $120, dividends of $70, and earnings retained in the period of $84. What is Foley Incorporated's internal growth rate?
Multiple Choice
A. 24.30 percent
B. 50.4 percent
C. 16.80 percent
D. 19.30 percent
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
