Net income is 2262 total assets 39150 total equity 21650


Net income is $2,262, Total Assets $39,150, Total Equity $21,650, and the retention ratio (beta) is 0.70. What is the internal growth rate?

A. 2.91%

B. 4.21%

C. 6.72%

D. 7.87%

E. 10.45%

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Financial Management: Net income is 2262 total assets 39150 total equity 21650
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