Multiple Choice
Moore Money Inc. has a profit margin of 11% and a retention ratio of 70%. Last year, the firm had sales of $500 and total assets of $1,000. What is the internal growth rate?
A) 1.7%
B) 2.6%
C) 3.7%
D) 4.0%
E) 5.9%
Correct Answer:
Verified
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