Question: The answer everywhere appears to be wrong The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet 93,000 Current

The answer everywhere appears to be wrong The most recent financial statementsThe answer everywhere appears to be wrong

The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet 93,000 Current Sales $ $33,500 Debt $43,800 assets 67,050 Costs 94,100 Equity 83,800 25,950 127,600 Taxable income $ Total $127,600 Tax 6,228 19,722 Net Income $ Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external financing is possible. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Internal growth rate 10.08 % Fixed assets Total

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