Swan supply company has net income of 1175200 assets of


Swan Supply Company has net income of $1,175,200, assets of $10,871,200, and retains 70 percent of its income every year. What is the company’s internal growth rate? (Round answer to 1 decimal place, e.g. 15.5%.)

Internal growth rate is: ________%

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Financial Management: Swan supply company has net income of 1175200 assets of
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