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 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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