Question
Nathan's Food Stop reported a net income of $33,450 and total equity of $68,600. Nathan's debt-equity ratio is 0.86 and payout ratio is 30 percent.
Nathan's Food Stop reported a net income of $33,450 and total equity of $68,600. Nathan's debt-equity ratio is 0.86 and payout ratio is 30 percent. What is Nathan's internal growth rate?
A. 24.87 percent
B. 26.08 percent
C. 31.04 percent
D. 35.96 percent
E. 39.88 percent
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
