Preferred stock outstanding-what is internal growth rate

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Internal Growth Rate Leash N Collar reported a profit margin of 8.9%, total asset turnover ratio of 2.4 times, debt-to-equity ratio of 0.84 times, net income of $490,000, and dividends paid to common stockholders of $290,000. The firm has no preferred stock outstanding. What is Leash N Collar's internal growth rate? (Do not round intermediate steps.)

Reference no: EM131959004

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