State the growth rate of lupo plc

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Question - The following is an extract of the reformulated financial statements of Lupo PLC.

£ millions

20X1

20X2

20X3

20X4

Operating income

187

200

214

229

Net operating assets

1,214

1,300

1,390

1,500






Required return on operations

11.00%

11.00%

11.00%

11.00%

Required - Using the growth in residual earnings from 20X3 to 20X4, state the growth rate of Lupo PLC.

Reference no: EM133137216

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