Last Year Foley Inc

question 33

Multiple Choice

Last year Foley Inc. reported net fixed assets of $400, net working capital of $100, net income of $120, dividends of $70, and earnings retained in the period of $50. What is Foley Inc.'s internal growth rate?

• A)17.5 percent
• B)30.0 percent
• C)10.0 percent
• D)12.5 percent

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