Triumph Company has total assets worth $6,413,228. Next year it expects a net income of $3,145,778 and

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Triumph Company has total assets worth $6,413,228. Next year it expects a net income of $3,145,778 and will pay out 70 percent as dividends. If the firm wants to limit its external financing to $1 million, what is the growth rate it can support?

6.4%

B) 30.3%

C) 32.9%

D) 26.5%

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Jan 04, 2021 09:08 PM

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Triumph Company has total assets worth $6,413,228. Next year it expects a net income of $3,145,778 and

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External Finaning Needed Initial Assets ... View the full answer

Intermediate Accounting

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