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Recent financial statements for Clemence Corp. are presented below: Income Statement Balance Sheet $3,933 Debt Sales $3,700 $7,863 Costs 2,442 Current assets Fixed -assets Total
Recent financial statements for Clemence Corp. are presented below: Income Statement Balance Sheet $3,933 Debt Sales $3,700 $7,863 Costs 2,442 Current assets Fixed -assets Total 9,628 Equity 5,698 $1,258 $13,561 Total $13,561 Taxable income Taxes (22%) Net income 277 $981 Costs and assets are both taken proportional to sales, while equity and debt are not. The company maintains a constant 36 percent dividend payout ratio. Compute the internal growth rate for the company? Multiple Choice O 4.86% 12.39% O 4.76% 4.96% O 2.67%
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