For this question, use the following financial statements: Income Statement Balance Sheet Sales $16,400 Current assets...

     

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For this question, use the following financial statements: Income Statement Balance Sheet Sales $16,400 Current assets $11,200 Debt $13,600 Costs 11,200 Fixed assets taxable income $5,200 Total 24,300 $35,500 Equity 21,900 Total $35,500 Taxes 21% 1,092 Net income $4,108 Payout ratio: 30.00% Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. A) What is the internal growth rate? B) What is the sustainable growth rate? C) What do these two numbers mean? For this question, use the following financial statements: Income Statement Balance Sheet Sales $16,400 Current assets $11,200 Debt $13,600 Costs 11,200 Fixed assets taxable income $5,200 Total 24,300 $35,500 Equity 21,900 Total $35,500 Taxes 21% 1,092 Net income $4,108 Payout ratio: 30.00% Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. A) What is the internal growth rate? B) What is the sustainable growth rate? C) What do these two numbers mean?