. A company seeks to maintain an internal growth rate of 13%, with a retention ratio (also called a plowback ratio) of 60%. If the company's total assets were valued at $139 million at the end of the year, what was its addition to retained earnings this year (rounded to the nearest $100,000) A. $16.0 million B. $16.3 million C. $24.0 million D. $26.6 million E. $27.1 million to
. A company seeks to maintain an internal growth rate of 13%, with a retention ratio (also called a plowback ratio) of 60%. If the company's total assets were valued at $139 million at the end of the year, what was its addition to retained earnings this year (rounded to the nearest $100,000) A. $16.0 million B. $16.3 million C. $24.0 million D. $26.6 million E. $27.1 million to
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter10: Forecasting Financial Statement
Section: Chapter Questions
Problem 3QE
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