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External financing needed: Jockey Company has total assets worth $4,417,665. At year-end it will have net income of $2,771,342 and pay out 60 percent as dividends. If the firm wants no external financing, what is the growth rate it can support?

  • 25.1%
  • 32.9%
  • 27.3%
  • 30.3%

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91723571

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