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Gilmore, Inc., had equlty of $220,000 at the beginning of the year. At the end of the year, the company had total assets of $375,000.
Gilmore, Inc., had equlty of $220,000 at the beginning of the year. At the end of the year, the company had total assets of $375,000. During the year, the company sold no new equity, Net Income for the year was $46,000 and dividends were $6,800. 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. Intemal growth rate b. ROA* b (using beginning of period assets) C. ROA b (using end of period assets) % % %
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