Question: Problem 4-6 Calculating Internal Growth (LO3) The most recent financial statements for Bello Co. are shown here: Income Statement Sales $19.200 Costs 13,050 Current assets

 Problem 4-6 Calculating Internal Growth (LO3) The most recent financial statements

Problem 4-6 Calculating Internal Growth (LO3) The most recent financial statements for Bello Co. are shown here: Income Statement Sales $19.200 Costs 13,050 Current assets Fixed assets Balance Sheet $ 11,760 Debt 27.450 Equity $15,880 23,330 Taxable income $ 6,150 Total $39.210 Total $39,210 Taxes (24%) 1.476 Net income $ 4.674 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g. 32.16.) Intemal growth rate

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