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9 Gilmore, Inc., had equity of $150,000 at the beginning of the year. At the end of the year, the company had total assets of

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9 Gilmore, Inc., had equity of $150,000 at the beginning of the year. At the end of the year, the company had total assets of $305,000. During the year, the company sold no new equity. Net income for the year was $32,000 and dividends were $4,000 a. Calculate the internal growth rate for the company. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g 32.16.) b. Calculate the internal growth rate using ROA x bfor beginning of period total assets (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. Calculate the internal growth rate using ROA x bfor end of period total assets. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) points Skipped eBook Print References a. Internal growth rate b. ROAx b (using beginning of period assets) c. ROA x b (using end of period assets)

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