Dogs R Us reported a profit margin of 10.80 percent, total asset turnover of 0.78 times, debt-to-equity of 0.80 times, net income of $530,000, and dividends paid to common stockholders of $212,000. The firm has no preferred stock outstanding.
What is Dogs R Us’s internal growth rate? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Internal growth rate %