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Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 23 Balance sheet ($ million) Current assets
Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 23 Balance sheet ($ million) Current assets 10.6 Debt 15.9 Costs 18.4 Fixed assets 42.4 Equity 37.1 Total 53 Net income 4.6 Total assets 53 Sales, assets and costs are expected to grow by the same rate next year, while debt will stay constant. The company expects to pay out 60% of net income as dividends. MB Part 1 | Attempt 1/10 for 10 pts. What is the particular growth rate for the next year, at which company will need zero external financing (EFN=0)? What is the internal growth rate? 4+ decimals Submit
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