Solved: Leash n collar reported a profit margin of 82 total asset, Business Management

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Leash n collar reported a profit margin of 82 total asset

Internal Growth Rate

Leash N Collar reported a profit margin of 8.2%, total asset turnover ratio of 1.7 times, debt-to-equity ratio of 0.77 times, net income of $420,000, and dividends paid to common stockholders of $220,000. The firm has no preferred stock outstanding. What is Leash N Collar's internal growth rate? (Do not round intermediate steps.)

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Business Management: Leash n collar reported a profit margin of 82 total asset

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Business Management: Leash n collar reported a profit margin of 82 total asset

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