Last Year Axle Inc

question 33

Multiple Choice

Last year Axle Inc.reported net assets of $400,equity of $200,net income of $50,dividends of $10,and earnings retained in the period of $40.What is Axle Inc.'s internal growth rate?

• A)10.0%
• B)57.1%
• C)20.0%
• D)71.4%

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Definitions:

Lack of Funds

A situation where there is an insufficient amount of financial resources available to meet the demands or objectives of a project or entity.