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Adeoya corporation reported $703,000 sale and $140,600 in the net income. The company $56,240 in...

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Accounting

Adeoya corporation reported $703,000 sale and $140,600 in the net income. The company $56,240 in divided and ended the year with $1,304,000 in total assets. Assume the divided payout ratio will be constant. At what annual rate can the company grow without having to raise external funds? The company is operating at full capacity

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