Last year Lakesha's Lounge Furniture Corporation had a ROA of 7.4 percent and a dividend payout ratio of 26 percent. What is the internal growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Last year Lakesha's Lounge Furniture Corporation had a ROA of 7.4 percent and a dividend payout ratio of 26 percent. What is the internal growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Hello tutor please provide this question solution general accounting

Transcribed Image Text:Last year Lakesha's Lounge Furniture Corporation had
a ROA of 7.4 percent and a dividend payout ratio of 26
percent.
What is the internal growth rate? (Do not round
intermediate calculations. Round your answer to 2
decimal places.)
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