1. Cash flow from assets can be defined as:
a. operating cash flow plus the cash flow to creditors plus the cash flow to shareholders.
b. cash flow to shareholders minus the cash flow to creditors.
c. operating cash flow minus the change in net working capital minus net capital spending.
d. net capital spending plus the change in net working capital.
2. If a firm has a 100 percent dividend payout ratio, then the internal growth rate of the firm is:
a. 100 percent.
b. equal to the ROA.
c. zero percent.
d. equal to the ROA divided by (1 - ROA).