Question
Cambria, Inc., had equity of $145,000 at the beginning of the year. At the end of the year, the company had total assets of $275,000.
Cambria, Inc., had equity of $145,000 at the beginning of the year. At the end of the year, the company had total assets of $275,000. During the year the company sold no new equity. Net income for the year was $26,000 and dividends were $5,500.
Calculate the internal growth rate for the company. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Internal growth rate | % |
Calculate the internal growth rate using ROA b for beginning of period total assets. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Beginning of period assets | % |
Calculate the internal growth rate using ROA b for end of period total assets. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
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