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Problem 11 Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 25 Costs 20 Net income
Problem 11 Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 25 Costs 20 Net income 5 Balance sheet ($ million) Current assets 10.8 Fixed assets 43.2 Total assets 54 Debt 16.2 Equity 37.8 Total 54 Sales, assets and costs are expected to grow by the same rate next year. The company is expected to pay NO dividends next year. Part 1 IB Attempt 1/10 for 10 pts. What is the internal growth rate? 3+ decimals Submit Part 2 IB Attempt 1/10 for 10 pts. What is the sustainable growth rate? 3+ decimals Submit
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