Internal Growth Rate Leash N Collar reported a profit margin of 9.9%, total asset turnover ratio of

Question:

Leash N Collar reported a profit margin of 9.9%, total ratio of 3.4 times, debt-to-equity ratio of 0.94 times, net income of $590,000, and dividends paid to common stockholders of $390,000. The firm has no preferred stock outstanding. What is Leash N Collar's (Do not round intermediate steps.)
a) 1.9709%
b) 10.9878%
c) 12.8798%
d) 9.101%
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio. Internal Growth Rate
"An internal growth rate (IGR) is the highest level of growth achievable for a business without obtaining outside financing, and a firm's maximum internal growth rate is the level of business operations that can continue to fund and grow the...