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What is the internal growth rate

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Question - Moore Money Inc has a profit margin of 11% and a retention ratio of 70%. Last year, the firm had sales of $500 and total assets of $1,000. What is the internal growth rate?

A) 1.7%

B) 2.6%

C) 3.7%

D) 4.0%

E) 5.9%

Reference no: EM132521689

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