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Cold Incorporated reported net income of $10 million for 2003. In addition, shareholder equity for the firm was $80 million at the end of 2003. The company was able to pay $3 million out as dividends to the shareholders for 2003. After 2003, excess paid-in-capital was $60 million. Given this information, what is the growth rate available for Stone Cold?

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Accounting Basics, Accounting

Category:- Accounting Basics
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