Question: Hello, can you help break down how to find the internal growth rate with an ROA of 8.3 percent and payout ratio of 31 percent?

Hello, can you help break down how to find the internal growth rate with an ROA of 8.3 percent and payout ratio of 31 percent?

Thank you!

Levine, Inc., has an ROA of 8.3 percent and a payout ratio of 31 percent. What is its internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Internal growth rate %

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