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INCOME STATEMENT BALANCE SHEET Sales $90,000 Current Assets $31,000 Debt $40,800 Costs $65,550 Fixed Assets $92,600 Equity $82,800 Taxable Income $24,450 Total $123,600 Total $123,600
INCOME STATEMENT BALANCE SHEET
Sales $90,000 Current Assets $31,000 Debt $40,800
Costs $65,550 Fixed Assets $92,600 Equity $82,800
Taxable Income $24,450 Total $123,600 Total $123,600
Tax $5,868
Net Income $18,582
Assets and costs are proportional to sales. Debt and Equity are not. The company maintains a constant
45% dividend payout ratio. No external financing is possible.
What is the INTERNAL GROWTH RATE. (Do not round intermediate calculations and answer as a percent rounded to two decimal places)
INTERNAL GROWTH RATE PERCENTAGE :
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