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Gilmore, Inc., had equity of $170,000 at the beginning of the year. At the end of the year, the company had total assets of $325,000.

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Gilmore, Inc., had equity of $170,000 at the beginning of the year. At the end of the year, the company had total assets of $325,000. During the year, the company sold no new equity. Net income for the year was $36,000 and dividends were $4,800. 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.) b. 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.) c. 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.) a. Internal growth rate b. ROA * b (using beginning of period assets) ROAD (using end of period assets) 12.66% 18.43% 9.64%

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