The Most Recent Financial Statements for Benatar Co

question 39

Multiple Choice

The most recent financial statements for Benatar Co.are shown here: Assets and costs are proportional to sales.Debt and equity are not.The company maintains a constant 40 percent dividend payout ratio.No external equity financing is possible.What is the internal growth rate?

• A)2.91 percent
• B)3.44 percent
• C)3.87 percent
• D)4.02 percent
• E)4.14 percent

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