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Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 23 Costs 18.4 Net income 4.6 Current
Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 23 Costs 18.4 Net income 4.6 Current assets 11.6 Fixed assets 46.4 Total assets 58 The company pays out 40% of net income as dividends. Part 1 What is the internal growth rate? 3+ decimals Submit Balance sheet ($ million) Previous answers: 1.080; 0.227 0 Debt 17.4 Equity 40.6 Total 58 Attempt 3/3 for 8 pts.
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