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Gilmore, Inc., had equity of $185,000 at the beginning of the year. At the end of the year, the company had total assets of $340,000.
Gilmore, Inc., had equity of $185,000 at the beginning of the year. At the end of the year, the company had total assets of $340,000. During the year, the company sold no new equity. Net income for the year was $39.000 and dividends were $5,400. 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 ROAxb 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 x bfor 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. ROAX b (using beginning of period assets) C. ROA b (using end of period assets)
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