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le 3 Homework i 4 02:15:24 Book The most recent financial statements for Berenson Manufacturing Co. are shown here: Income Statement Balance Sheet $ 29,000
le 3 Homework i 4 02:15:24 Book The most recent financial statements for Berenson Manufacturing Co. are shown here: Income Statement Balance Sheet $ 29,000 Debt $38,400 91,400 Equity 82,000 $ 120,400 Total $120,400 Sales Costs Tax (21%) Taxable income $23,250 Total Net Income Current $87,600 assets 64,350 Fixed assets Internal growth rate 4,883 $ 18,368 Saved Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external financing is possible. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % 4
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