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Milano Corporation has experienced growth of 20% for each of the last 5 years. Over...

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Accounting

Milano Corporation has experienced growth of 20% for each of the last 5 years. Over this 5-year period, Milanos return on equity has never exceeded 15%, its profit margin has held steady at 5%, and its total asset turnover has not changed. Over the 5-year period, Milano paid no dividends and issued no new equity. Based on this information, which of the following can you most likely infer about Milanos performance over the past 5 years?

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