Good Foods has net income of $82,490, total equity of $518,700, and total assets of $1,089,500. The dividend payout ratio is .30. What is the internal growth rate?a. 2.32 percent
b. 3.57 percent
c. 5.60 percent
d. 2.87 percent
e. 4.94 percent

a. 2.32 percent

Explanation:

The formula for internal growth rate(IGR)  =

where b= payout ratio

ROA = return on assets

ROA = Net Income / Total assets

ROA = 82,490/1,089,500

ROA = 0.0757

IGR therefore = (0.0757*0.30) / [1 - (0.0757*0.30) ]

IGR = 0.02271 /0.97723

IGR = 0.0232 or 2.32%

Therefore, the correct choice is A.

metallurgy is your answer

the "study of metals and the process of refining ("

note that it says metal. metallurgy has the word "metal" in it, and so is most likely your answer (and is your answer).

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