The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income Sales Costs Taxable income Taxes (40%) Net income $13,350 7,750 $ 5,600 2,240 $ 3,360 Current assets Fixed assets Total Statement of Financial Position $10,700 25,750 $36,450 % Debt Equity Total Assets and costs are proportional to sales. Debt and equity are not. Burnaby maintains a constant 40% dividend payout ratio. No external equity financing is possible. What is the internal growth rate? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Internal growth rate $15,200 21,250 $36,450
The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income Sales Costs Taxable income Taxes (40%) Net income $13,350 7,750 $ 5,600 2,240 $ 3,360 Current assets Fixed assets Total Statement of Financial Position $10,700 25,750 $36,450 % Debt Equity Total Assets and costs are proportional to sales. Debt and equity are not. Burnaby maintains a constant 40% dividend payout ratio. No external equity financing is possible. What is the internal growth rate? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Internal growth rate $15,200 21,250 $36,450
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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