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Question #16 The Grist Mill Company provided the following financial information as of the calendar year 2019: Return on Equity of 14.6% Return on Assets

Question #16 The Grist Mill Company provided the following financial information as of the calendar year 2019:

Return on Equity of 14.6%

Return on Assets of 7.8%

Profit Margin of 8.1%

Retention Ratio of 72%

Required: Calculate the Internal Growth Rate

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