Current Sales $18,900 $ 11,700 Debt $ 15,700 assets Costs 12,800 Fixed assets 26,500 Equity 22,500 Taxable $ 6,100 Total $38,200 Total $38,200 Income Taxes (21%) 1.281 Net income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 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.) Internal arowth rate

Current Sales $18,900 $ 11,700 Debt $ 15,700 assets Costs 12,800 Fixed assets 26,500 Equity 22,500 Taxable $ 6,100 Total $38,200 Total $38,200 Income Taxes (21%) 1.281 Net income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 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.) Internal arowth rate

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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