Gilmore, Inc., had equity of $125,000 at the beginning of the year. At the end of the year, the company had total assets of $280,000. During the year, the company sold no new equity. Net income for the year was $27,000 and dividends were $3,000.

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.)

Internal growth rate

%

Calculate the internal growth rate using ROA b for 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.)

ROA b (using beginning of period assets)

%

Calculate the internal growth rate using ROA b for 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.)

ROA b (using end of period assets)

%

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