Question
Having Trouble with this The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales $16,200 $10,100 Debt $16,400 Cost
Having Trouble with this
The most recent financial statements for Schenkel Co. are shown here:
Income Statement Balance Sheet
Sales $16,200 $10,100 Debt $16,400
Cost $10,400 $26,500 Equity $20,200
Taxable Income $5,800 $36,600 Total $36,600
Taxes (40%) 2,320
Net Income $3,480
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the internal growth rate?
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Fundamentals of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
11th edition
77861701, 978-0077861704
