AT THE END OF 2017, GABBUAT COMPANY’S TOTAL ASSETS WAS P500,000....

62. At the end of 2017, Gabbuat Company’s total assets was P500,000. In 2018, it earned net

income of P30,000 and paid dividends of P10,000. What is the company’s internal growth

rate?

a. 1% c. 5%

b. 4% d. 9%