Question: Intro Dell Computers sells computers and related electronics online. Year 2019 Income Statement and ending Balance Sheet are given below: Income statement ($ million) Balance
Intro Dell Computers sells computers and related electronics online. Year 2019 Income Statement and ending Balance Sheet are given below: Income statement ($ million) Balance sheet ($ million) Sales 660 Current assets 432 Debt 864 Costs 528 1,728 Equity 1,296 Fixed assets Total assets Net income 132 2,160 Total 2,160 In 2020, sales, costs and total assets are expected to grow by a same rate. The company is expected to pay NO dividends and to keep its debt-equity ratio unchanged. Part 1 Attempt 1/2 for 10 pts. Company expects to have no external equity financing (EFN=0) in 2020, then what will be the growth rate? 3+ decimals
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