Internal Growth Rate Leash N Collar reported a profit margin of 9.1%, total asset turnover...
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Internal Growth Rate Leash N Collar reported a profit margin of 9.1%, total asset turnover ratio of 2.6 times, debt-to-equity ratio of 0.86 times, net income of $510,000, and dividends paid to common stockholders of $310,000. The firm has no preferred stock outstanding. What is Leash N Collar's internal growth rate? (Do not round intermediate steps.)
7.511%
9.989%
3.2265%
10.2274%
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