Question
The Plan-A-Lot Corporation had a net income of $275,000 and sales of $1,500,000. Its debt ratio is 40% and its total assets are worth 2,250,000.
The Plan-A-Lot Corporation had a net income of $275,000 and sales of $1,500,000. Its debt ratio is 40% and its total assets are worth 2,250,000. If the directors expect to continue paying dividends amounting to 40% of earnings, the company's internal growth rate (IGR) is
0%.
7.33%.
12.22%.
None of these.
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Financial Accounting
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
5th edition
1259914895, 978-1259914898
