Multiple Choice
Last year Foley Inc. reported net fixed assets of $400, net working capital of $100, net income of $120, dividends of $70, and earnings retained in the period of $50. What is Foley Inc.'s internal growth rate?
A) 17.5 percent
B) 30.0 percent
C) 10.0 percent
D) 12.5 percent
Correct Answer:
Verified
Correct Answer:
Verified
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