Problemsuppose crane reported net profit of 10 million this, Ask an Expert

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Problem:

Suppose Crane reported net profit of $10 million this year. It decides to distribute 6.5 million to its shareholders as dividends and uses the retained earnings to open new stores. The return on investment for the shareholders is expected to be 14%.

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Question: What will be its internal growth rate?

Note: Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173295

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