Florida International Bank (FIB) has a net profit margin of 6.25 percent. It has an asset utilization
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Florida International Bank (FIB) has a net profit margin of 6.25 percent. It has an asset utilization ratio of 40 percent and has an equity multiplier of 14. It retains 30 percent of its earnings each year. What is this bank's internal capital growth rate?
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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