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Internal Growth Rate Leash N Collar reported a profit margin of 9.7%, total asset turnover

Internal Growth Rate Leash N Collar reported a profit margin of 9.7%, total asset turnover

Internal Growth Rate Leash N Collar reported a profit margin of 9.7%, total asset turnover ratio of 3.2 times, debt-to-equity ratio of 0.92 times, net income of $570,000, and dividends paid to common stockholders of $370,000. The firm has no preferred stock outstanding. What is Leash N Collars internal growth rate? (Do not round intermediate steps.) 10.742% 2.2216% 9.3093% 12.2224%

Abhinav 04-Dec-2019

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