Determining the company internal growth rate
Mercantile Co. has net income of $3,413,500 on assets of $16,109,445 and retains 55 percent of its income every year. What is the company's internal growth rate?
21.2%
8.6%
11.7%
9.4%
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A corporation sold land that it used in its business for $150,000. It had purchased the land eight years ago for $60,000. What is the amount and character of the gain?
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Offered discounts, as shown in the followinf table. which of the two suppliers should be selected if Thaarugo wishes to minimize total annual inventory cost? What would be the annual inventory cost?
For 2011, Florena pays $25,000 of investment interest expense and has net investment income of $15,000. How would Florena treat the $25,000 of investment interest expense on her tax return?
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