Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cambria, Inc., had equity of $164363 at the beginning of the year. At the end of the year, the company had total assets of $353016.

Cambria, Inc., had equity of $164363 at the beginning of the year. At the end of the year, the company had total assets of $353016. During the year the company sold no new equity. Net income for the year was $38326 and dividends were $9187.

What is the internal growth rate for the company? (in %)

(Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 4 decimal places. For example, 1.23456% should be entered as 1.2346)

Step by Step Solution

3.56 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

The internal growth rate IGR can be calculated using the following f... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of corporate finance

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

10th edition

978-1260013955, 78034639, 978-0078034633

More Books

Students also viewed these Finance questions