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9 value 10.00 points Here are the abbreviated financial statements for Planners Peanuts Sales Cost INCOME STATEMENT, 2012 $ 8,100 6,700 Net income $1,400 BALANCE

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9 value 10.00 points Here are the abbreviated financial statements for Planners Peanuts Sales Cost INCOME STATEMENT, 2012 $ 8,100 6,700 Net income $1,400 BALANCE SHEET, YEAR-END 2011 2012 2012 2011 4,647 5,500 $ 6,000 Assets$ 5,500 S 6,000 Debt 853 $ 1,000 Equity 5,000 Total $5,500 6,000 Total Assume payout ratio is 50% a. Calculate the internal growth rate were no external debt or equity is to be issued. (Do not round intermediate calculations. Round your answer to the nearest whole percent.) Internal growth rate b. Calculate the sustainable growth rate were the firm maintains a fixed debt ratio but issues no equity. (Do not round intermediate calculations. Round your answer to the nearest whole percent.) Sustainable growth rate

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