Nathan's Food Stop reported a net income of $33,450 and total equity of $68,600. Nathan's debt-equity ratio is 0.86 and payout ratio is 30 percent. What is Nathan's internal growth rate? Group of answer choices 24.87 percent 26.08 percent 31.04 percent 35.96 percent 39.88 percent
Nathan's Food Stop reported a net income of $33,450 and total equity of $68,600. Nathan's debt-equity ratio is 0.86 and payout ratio is 30 percent. What is Nathan's internal growth rate? Group of answer choices 24.87 percent 26.08 percent 31.04 percent 35.96 percent 39.88 percent
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Nathan's Food Stop reported a net income of $33,450 and total equity of $68,600. Nathan's debt-equity ratio is 0.86 and payout ratio is 30 percent. What is Nathan's internal growth rate?
Group of answer choices
24.87 percent
26.08 percent
31.04 percent
35.96 percent
39.88 percent
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