Rockville Consulting Group expects to add $271,898 to retained earnings this year. The company has total assets
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Rockville Consulting Group expects to add $271,898 to retained earnings this year. The company has total assets of $3,425,693 and wishes to add no new external funds for the coming year. If assets and costs vary directly with sales, how much sales growths can the company support while retaining an EFN of zero? What is the firm’s internal growth rate?
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Addition to retained earnings 271898 Total assets 3425693 EFN ...View the full answer
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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