Lookin' Up earns $.094 in profit on every $1 of sales and has $1.21 in assets for every $1 of sales.The firm pays out 45 percent of its profits to its shareholders.What is the internal growth rate?
A)6.37 percent
B)2.76 percent
C)3.82 percent
D)4.46 percent
E)2.65 percent

Question

Quizplus · Accepted Answer

The Answer of Lookin' Up earns $.094 in profit on every $1 of sales and has $1.21 in assets for every $1 of sales.The firm pays out 45 percent of its profits to its shareholders.What is the internal growth rate?
A)6.37 percent
B)2.76 percent
C)3.82 percent
D)4.46 percent
E)2.65 percent

Lookin' Up Earns