External financing needed: Jockey Company has total assets worth $4,417,665. At year-end it will have profit of $2,771,342 and pay out 60 per cent as dividends. If the company wants no external financing, what is the growth rate it can support?
A) 32.9%
B) 25.1%
C) 30.3%
D) 27.3%
Correct Answer:
Verified
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