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Gilmore, Inc., had equity of $140,000 at the beginning of the year. At the end of the year the company had total assets of $295,000.

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Gilmore, Inc., had equity of $140,000 at the beginning of the year. At the end of the year the company had total assets of $295,000. During the year, the company sold no new equity. Net income for the year was $30,000 and dividends were $3,600. 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.) Calculate the internal growth rate using ROAx 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.) Calculate the internal growth rate using ROAx 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.) b. c. a. Internal growth rate b. ROAx b (using beginning of period assets) C. ROAxb (using end of period assets)

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