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Given the most recent financial statements for Microsof(FY2019 Sales for FY2020 are expected to grow by 4 percent. The following up on musthold in the

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Given the most recent financial statements for Microsof(FY2019 Sales for FY2020 are expected to grow by 4 percent. The following up on musthold in the proforma financial statements. The taxe percentage and the dividend payout ratio (percentage will remain constant. COGS. SOA Depreciation Interest Expense. Cash, Account Receivable Inventory Other Current Assets and Net Fred Asset increase spontaneously with sales. If the firm is operating at full capacity and no new debitor equity are issued, calculate the internal growth rate for the firm (Enter percentages as decimals and round to 4 decimals) FY2019 147.145 Simplified Statements for MSFT Income Statement Sales COGS SGA Depreciation EBIT Balance Sheet Cash Acct Receivable Inventory Other Current Assets Net Fixed Assets Total Assets 2.928 7409 103.910 290.521 FY2019 115.450 42.500 38,000 15.000 19.950 3,550 16,400 3444 12.956 6,000 6,956 Interest Expense EBT Acct. Payable Long Term Debt Common Stock Retained Earnings Total Liab. And Equity 9.479 184246 78,345 18.451 290,521 Net Income Dividends Addition to Retained Earnings

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