The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $4,900
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Question:
The most recent financial statements for Bello Co. are shown here: |
Income Statement | Balance Sheet | ||||
Sales | $4,900 | Current assets | $5,208 | Debt | $10,413 |
Costs | 3,234 | Fixed assets | 12,751 | Equity | 7,546 |
Taxable income | $1,666 | Total | $17,959 | Total | $17,959 |
Taxes (25%) | 417 | ||||
Net income | $1,250 | ||||
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 36 percent dividend payout ratio. |
What is the internal growth rate? |
Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-0077905200
3rd edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
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