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The newspaper reported last week that Bennington Enterprises earned $28 million this year. The report also stated that the firm's return on equity is 15 percent. Bennington retains 70 percent of its earnings.
Required:
(a) What is the firm's earnings growth rate?
(b) What will firm's next year's earnings be?
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Problems encountered because of traditional cost Accounting and how did traditional cost accounting concepts are practices contribute to the problems at the UniCo
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