1. A firm has adopted a policy whereby it will not seek any additional external financing. Given...
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Question:
1. A firm has adopted a policy whereby it will not seek any additional external financing.
Given this, what is the maximum growth rate of the firm if it has net income of $12,000, total assets of $80,000, and a 30 percent dividend payout ratio?
2. A firm has sales for the year of $686,000. The profit margin is 6.60 percent. What is the common-size percentage for the Net Income on the Income Statement?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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