The dog house has net income of 3450 and total equity of
The Dog House has net income of $3,450 and total equity of $8,600. The debt-equity ratio is 0.60 and the payout ratio is 9.5 percent. What is the internal growth rate?
Answer
14.47 percent
18.77 percent
25.09 percent
29.36 percent
33.33 percent
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